Select Page

U.S. Lawmakers Reach Agreement on Fiscal Year 2024 Budget

Lawmakers in the U.S. House of Representatives and Senate have reached an agreement on the fiscal year 2024 budget, according to reports.

The agreement would set the overall budget for the U.S. government at $1.59 trillion, the same amount that President Joe Biden and former House Speaker Kevin McCarthy had agreed to.

The deal would also maintain the $886 billion defense budget that was agreed to for fiscal year 2024, as well as the $704 billion non-defense budget that Democrats had been pushing for.

House Speaker Mike Johnson, who was elected to replace McCarthy, has confirmed the details of the agreement.

The agreement is a significant victory for Biden, who had been facing pressure from both Republicans and Democrats to reach a deal. It also avoids a government shutdown, which had been a possibility if no agreement had been reached.

The agreement is still subject to approval by the full House and Senate, but it is expected to pass without major problems.

The agreement would provide funding for a wide range of government programs, including defense, education, healthcare, and infrastructure. It would also provide funding for the government’s response to the COVID-19 pandemic and the war in Ukraine. The agreement is a major step forward for the Biden administration, but it is also likely to be met with criticism from both Republicans and Democrats. Republicans are likely to complain that the budget is too large and that it does not do enough to reduce the federal deficit. Democrats are likely to complain that the budget does not do enough to address social and economic inequality.