Congressional Leaders Announce Key Agreement To Helping Avert Shutdown
HuffPost
Lawmakers said they have agreed on topline spending levels for the current fiscal year, as funding is set to lapse Jan. 19 for some agencies.
WASHINGTON (AP) — Congressional leaders have reached an agreement on topline spending levels for the current fiscal year that could help avoid a partial government shutdown later this month.
The agreement largely hues to spending caps for defense and domestic programs that Congress set as part of a bill to suspend the debt limit until 2025. But it does provide some concessions to House Republicans who viewed the spending restrictions in that agreement as insufficient.
In a letter to colleagues, House Speaker Mike Johnson said Sunday it will secure $16 billion in additional spending cuts from the previous agreement brokered by then-Speaker Kevin McCarthy and President Joe Biden and is about $30 billion less than what the Senate was considering.
“This represents the most favorable budget agreement Republicans have achieved in over a decade,” Johnson writes.
Biden said the agreement “moves us one step closer to preventing a needless government shutdown and protecting important national priorities.”
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