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House and Senate negotiators reached an agreement on a government funding topline Sunday, taking a essential step towards avoiding a shutdown later this month.
The bipartisan deal will see the federal government funded at a most stage of $1.59 trillion, Speaker Mike Johnson, R-La., wrote in a letter to colleagues. It would come with $886 billion for protection and $704 billion for nondefense spending, Johnson mentioned.
The $1.59 trillion determine was a part of an agreement reached within the Fiscal Responsibility Act (FRA) final yr. However, that negotiation concerned a number of facet offers for extra funding that Johnson recommended wouldn’t be honored in Sunday’s deal.
Senate Majority Leader Chuck Schumer, left, and House Speaker Mike Johnson. (Getty Images)
“As has been widely reported, a list of extra-statutory adjustments was agreed upon by negotiators last summer. The agreement today achieves key modifications to the June framework that will secure more than $16 billion in additional spending cuts to offset the discretionary spending levels,” Johnson’s letter mentioned.
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“As you know, the Senate marked up their appropriations bills $14 billion above the FRA levels and the adjustments. The agreement reached today thus allows for none of that funding, and combined with the additional savings described above, results in an overall $30 billion total reduction from the Senate’s spending plans.”
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