On March 4, 2014, President Obama released his proposed budget for the federal Fiscal Year (FY) 2015, which begins on October 1, 2014. The president’s $3.901 trillion budget request proposes $1.065 trillion in discretionary funds. Of that amount, $1.014 trillion is consistent with the caps in the December budget deal (P.L. 113-67) negotiated by Representative Paul Ryan (R-WI) and Senator Patty Murray (D-WA).