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Economic Commentary

The Budget Reconciliation Act of 1993: A Summary Report

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.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit for updates.

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.