On the evening of Jan. 7, 2024, Congressional leaders announced they reached an agreement on the overall spending level for the remainder of 2024 as they seek to avoid a government shutdown later this month.
The $1.66 trillion deal includes $886 billion for defense and $772.7 billion for non-defense spending, Democratic leaders said.
The top-line is slightly above the $1.59 trillion that was reached in a bipartisan deal last year and includes changes to discretionary spending that was part of a side agreement between President Biden and then-House Speaker Kevin McCarthy. It cuts $6.1 billion in COVID-19 spending and accelerates cuts to IRS funding, a major achievement that had been won by the Biden administration under previous agreements.
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