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Friday, February 23, 2024

US Government Shutdown Averted: Key Points of the $1.66 Trillion Funding Deal

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On Sunday, January 7, 2024, Congressional leaders reached a compromise on overall spending levels for the remaining months of 2024, effectively dodging a potential government shutdown later this month. Here are the key details of the $1.66 trillion deal:

Topline Numbers:

1. Total Spending: $1.66 trillion
2. Defense Spending: $886 billion
3. Non-Defense Spending: $772.7 billion (includes $69 billion from a side agreement)

Key Points:

This agreement slightly surpasses the $1.59 trillion figure set in a bipartisan deal last year.

It reflects adjustments to discretionary spending agreed upon through a separate deal between President Biden and then-House Speaker Kevin McCarthy.

These adjustments involve: Accelerated cuts to Internal Revenue Service (IRS) funding.

$6.1 billion in reductions to COVID-19 spending.

While this agreement on funding levels reduces the immediate threat of a shutdown, challenges remain:

The actual legislation for individual spending bills still needs to be crafted and passed by both chambers of Congress before the January 19 deadline.

Conservative voices might push for additional measures, like stricter immigration policies, within the funding bill, potentially stalling its progress.

Significance:

This deal represents a positive step towards ensuring continued government operations and avoiding disruptions to essential services.

However, it also highlights the ongoing partisan divide in Congress and the potential for future budget struggles.

Additional Information:

You can find more detailed information and diverse perspectives on the deal from various news sources, including:

The New York Times: [https://www.nytimes.com/2023/11/16/us/politics/congress-shutdown-spending.html](https://www.nytimes.com/2023/11/16/us/politics/congress-shutdown-spending.html)

The Washington Post: [https://rollcall.com/2022/12/22/senate-passes-1-7-trillion-omnibus-spending-bill/](https://rollcall.com/2022/12/22/senate-passes-1-7-trillion-omnibus-spending-bill/)

CNN: [https://www.cnn.com/2024/01/07/politics/hill-leaders-to-announce-deal-on-spending-levels-sunday-as-lawmakers-face-shutdown-threat/index.html](https://www.cnn.com/2024/01/07/politics/hill-leaders-to-announce-deal-on-spending-levels-sunday-as-lawmakers-face-shutdown-threat/index.html)

I hope this information provides a comprehensive overview of the US government funding deal. Feel free to ask further questions if you need more details!

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