Senate Leaders Have Reached A Major Budget Deal

1
McConnell
>>Follow Matzav On Whatsapp!<<

Senate leaders have reached a two-year budget agreement to resolve a months-long impasse over spending levels.

The two-year deal would include a major boost for military spending, with slightly smaller increases for domestic programs. In the first year, defense spending would rise by $80 billion, with other spending going up by $63 billion, sources told CNBC earlier Wednesday. For the second year, those increases would be $85 billion and $68 billion, respectively.

News of the deal comes ahead of the potential government shutdown at the end of Thursday. Congress aims to avoid letting funding lapse for the second time in less than a month.

Read more at CNBC.

{Matzav.com}


1 COMMENT

Leave a Reply to The Commish Cancel reply

Please enter your comment!
Please enter your name here