Government Funding Deal Reached
Republican House Speaker Mike Johnson and Democratic Senate Majority Leader Chuck Schumer revealed the agreement in a pair of statements on Tuesday morning.
Details of the Deal
- The agreement aims to keep the government funded through the rest of the fiscal year that began in October.
- The last sticking point was funding for the Department of Homeland Security, with a focus on the surge in migrants at the U.S.-Mexico border.
- The package is expected to cover about three-quarters of discretionary government spending, totaling around $1.66 trillion for the fiscal year ending Sept. 30.
Challenges Ahead
More challenges are anticipated as the nation’s national debt continues to grow, with President Biden and House Republicans presenting differing budget priorities for the upcoming fiscal year.
House Speaker Johnson has yet to schedule a vote on a $95 billion foreign security aid package, including crucial funds for Ukraine in its conflict with Russia.
Democrats and Republicans have been in disagreement over funding levels, with debates ongoing since last year, particularly regarding spending cuts proposed by some House Republicans.
