Under the radar when compared to the back and forth of the race for President, the budget for Fiscal Year 2013 is quietly starting to take shape on Capitol Hill, as key committees in the House and Senate are actively drafting a series of spending bills.
As of now, the Senate is aiming to spend $1.047 trillion in the next fiscal year, up $4 billion from the $1.043 trillion level of the current budget year.
Meanwhile the House is aiming at an overall spending level of $1.028 trillion, which is $15 billion below this year's budget totals - $19 billion below what Senate appropriators have signaled they want to spend.
How does that compare to recent years?
- Fiscal Year 2010 - $1.089.7 trillion
- Fiscal Year 2011 - $1.049.8 trillion
- Fiscal Year 2012 - $1.043.0 trillion
