Congressional leaders agree on spending, key step to averting shutdown (Federal Times)

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    Congressional leaders agree on spending, key step to averting shutdown – By Kevin Freking (The Associated Press) / Jan 8, 2024

    Congressional leaders said they reached an agreement on overall spending levels for the current fiscal year that could help avoid a partial government shutdown later this month.

    The agreement largely hews 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 the agreement would 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.

    CONTINUE > https://www.federaltimes.com/management/budget/2024/01/08/congressional-leaders-agree-on-spending-key-step-to-averting-shutdown/

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