Congressional Leaders Reach Agreement on Government Funding

Congressional leaders announced Sunday they have reached an agreement on the overall spending level for the remainder of 2024 as they seek to avoid a government shutdown later this month. 

The $1.66 trillion deal includes $886 billion for defense and $772.7 billion for non-defense spending, Democratic leaders said. 

The topline is slightly above the $1.59 trillion that was reached in a bipartisan deal last year and includes changes to discretionary spending that was part of a side agreement between President Biden and then-House Speaker Kevin McCarthy. It cuts $6.1 billion in COVID-19 spending and accelerates cuts to IRS funding. 

Read the source article at CBS News