GOP Accepts Biden’s Spending Boosts for VA, Pentagon in Debt Ceiling Deal – By Rebecca Kheel (Military.com) / May 30, 2023
Spending on defense and veterans health care would both see bumps next year under a deal between the White House and House Republicans reached over the weekend aimed at preventing an unprecedented default on U.S. debts next week.
Hurdles still remain in getting the deal passed before the Treasury Department’s stated June 5 deadline for when it will run out of money, but the agreement puts Congress on the path to avert delays on veterans benefits and service member pay, among other fallout from a default.
Under the agreement, Pentagon and other national security spending in fiscal 2024 would be set at $886 billion, which is a 3% increase over this year and the amount the Biden administration requested from Congress in March.
