How the Potential Across-the-Board Cuts in the Debt Limit Deal Would Occur
 See James R. Horney, "Contrary to Speaker Boehner's Claim, Budget Deal's 'Supercommittee' Can Consider Revenue Increases," Center on Budget and Policy Priorities, August 1, 2011.
 The debt limit increase would be $2.4 trillion rather than $2.1 trillion if Congress approves the Balanced Budget Amendment or if the Joint Committee's bill saves at least $1.5 trillion through 2021 and is enacted.
 In a recent memorandum, the Congressional Budget Office estimates that a sequestration of the size assumed in this report would actually reduce interest payments by $169 billion over ten years; CBO assumes lower interest rates than the drafters of the budget deal. See Estimated Impact of Automatic Budget Enforcement Procedures Specified in the Budget Control Act, CBO, September 12, 2011, at http://www.cbo.gov/ftpdocs/124xx/doc12414/09-12-BudgetControlAct.pdf .
 The exemptions occur because the Budget Control Act is drafted as a portion of the Balanced Budget and Emergency Deficit Control of Act of 1985 (BBEDCA), which contains a list of exemptions in section 255 and a list of special rules in section 256. Those two provisions of BBEDCA were most recently updated by the Statutory PAYGO Act of 2010, and are not changed in any way by the Budget Control Act.
 While not exempt from sequestration, funding for community and migrant health centers and for Indian health services and facilities cannot be cut more than 2 percent. For non-defense appropriations, "new funding" means new budget authority and includes advance appropriations that first become available for obligation in 2013. The term does not include unobligated balances carried over from prior years. If a part-year "continuing resolution" is in place at the time of the January 2013 sequestration, the sequestration is calculated as though that legislation extended for the entire fiscal year, and the cuts continue to apply when the temporary continuing resolution is replaced by year-long funding.