Congressional leaders unveil spending agreement amidst looming shutdown threat
Congressional leaders reach a crucial $159T spending deal to prevent an imminent government shutdown, ensuring stability and averting potential economic disruptions
House and Senate leaders have reached a $1.59 trillion spending deal for government funding in 2024, which aims to prevent a potential shutdown later this month. The agreement, made by House Speaker Mike Johnson and Senate Majority Leader Chuck Schumer, allocates $886 billion for defense spending and $704 billion for non-defense spending.
Despite reaching an agreement on funding levels that decreases the likelihood of a shutdown, Congress still faces significant obstacles leading up to two funding deadlines: January 19 and February 2. One remaining hurdle is how to address the pressures from conservatives to use the funding bill as a means to enforce stricter immigration and border security demands.
Congress will need to approve funding bills or a stop-gap resolution to prevent a shutdown by the deadlines. The outcome of this effort is still uncertain, despite Schumer and Johnson reaching a deal on funding levels. This is a developing story and will be updated.
