Negotiators from the House and Senate reached an agreement on the top line of government funding Sunday, taking a key step toward averting a government shutdown later this month.
The bipartisan agreement would provide the federal government with up to $1.59 trillion in funding, House Speaker Mike Johnson (R-Louisiana) said in a letter to colleagues. Mr Johnson said that includes $886 billion in defense spending and $704 billion in non-defense spending.
The $1.59 trillion figure is part of the deal reached in last year's Fiscal Responsibility Act (FRA). But those negotiations included several side deals seeking additional funding, which Johnson suggested would not be honored in Sunday's deal.
Senate Majority Leader Chuck Schumer (left) and House Speaker Mike Johnson. (Getty Images)
“As has been widely reported, the list of non-statutory adjustments was agreed by negotiators last summer. “More than $16 billion in additional spending cuts will be secured to support the government,” Mr Johnson's letter said.
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“As you know, the Senate increased the appropriations bill by $14 billion above the FRA level and adjustments. Therefore, the agreement reached today does not authorize any of that money, which, combined with the additional savings mentioned above, totals $30 billion. ” cuts from the Senate's spending plan. ”
This story has been interrupted and will be updated…
