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The Budget Reconciliation Act of 1993: A Summary Report

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On August 5, the U.S. Senate cleared the Omnibus Budget Reconciliation Act of 1993 (OBRA93), one day after the House of Representatives had done likewise. President Clinton signed the bill into law on August 10, formalizing its role as the central fiscal blueprint for the nation's economy over the next five years.

On August 5, the U.S. Senate cleared the Omnibus Budget Reconciliation Act of 1993 (OBRA93), one day after the House of Representatives had done likewise. President Clinton signed the bill into law on August 10, formalizing its role as the central fiscal blueprint for the nation's economy over the next five years.


Suggested citation: Altig, David, and Jagadeesh Gokhale, 1993. "The Budget Reconciliation Act of 1993: A Summary Report," Federal Reserve Bank of Cleveland, Economic Commentary, 10.15.1993.

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