House and Senate leaders on Sunday announced a spending deal for government funding in 2024, the first step to averting a shutdown later this month even as that threat still looms.

The topline numbers agreed to by House Speaker Mike Johnson and Senate Majority Leader Chuck Schumer include $1.59 trillion for fiscal year 2024, with $886 billion for defense spending and $704 in non-defense spending. They also agreed to a $69 billion side deal in adjustments that will go toward non-defense domestic spending.

The side deal brings the non-defense spending figure to nearly $773 billion, a Democratic source told CNN, with spending close to $1.66 trillion overall.

While their agreement on funding levels will reduce the chances of a shutdown, there are still major hurdles facing Congress ahead of two funding deadlines: January 19 and February 2.

  • grimsolem@lemmy.dbzer0.com
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    11 months ago

    Ah, so veterans’ benefits don’t fall under defense spending. Makes sense.

    Also a question: That $886 billion is ~12% of the federal budget. Considering it’s ~55% of the amount allocated here, how/where is the rest of the federal budget allocated?