Congress Leaders Ease Shutdown Risk With a Spending-Cap Deal
- House speaker presents FY24 spending cap of $1.59 trillion
- Clears way for detailed talks on federal agencies’ budgets
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US congressional leaders announced a deal on a top-line spending level for the current fiscal year, lessening the chances of a partial government shutdown on Jan. 20.
Senate Majority Leader Chuck Schumer, a Democrat, and House Speaker Mike Johnson, a Republican, negotiated the deal, clearing the way for the appropriations committees in both chambers to negotiate detailed spending bills now that they have an overall limit for the amount those bills can spend.