SENATE TO VOTE ON TWO-YEAR SPENDING DEAL, TO FACE OPPOSITION IN THE HOUSE - February 8, 2018
Senate Leaders Announce Two-Year Budget Deal to Boost Spending by $300 Billion
By Eric Katz, Government Executive
Congressional leadership on Wednesday reached a bipartisan spending agreement that would set top-line funding levels for all federal agencies for the next two years, increasing spending at defense and non-defense agencies by a total of $300 billion.
The deal would stave off a shutdown by punting the deadline for six more weeks, allowing appropriators to write an omnibus bill that sets line-by-line funding levels across government. It would mark the third such two-year agreement to allow agencies to exceed the spending caps established by the 2011 Budget Control Act. The measure would also suspend the debt ceiling until March 2019.