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The top representatives of the US Congress agreed on Sunday on the cap on federal spending, bringing them closer to an overall agreement that is intended to prevent the threat of budget overruns by state institutions. The agreed upper limit is 1.6 trillion dollars (36 trillion crowns). This was announced by Republican Speaker of the House of Representatives Mike Johnson, according to Reuters.
The total includes $886 billion for defense and $704 billion for non-defense spending, Johnson said in a letter to lawmakers.
In a letter to MPs, Johnson stressed that significant spending cuts had been achieved compared to previous plans. “This represents the most favorable budget deal Republicans have reached in a decade,” Johnson writes. He agreed on the amount with the leader of the Democratic majority in the US Senate, Chuck Schumer. The next step would be committee meetings, writes the APA agency.
Both chambers of parliament had already reached a provisional agreement in mid-November, but then only postponed the threat of the so-called shutdown until January 19th. Without a new agreement, ministries will not have the resources to fully operate the offices after this date.
“The agreement reflects the level of funding I negotiated with both parties and signed into law last spring. “It rejects deep cuts to programs that hardworking families rely on and provides a path to passing year-round funding legislation that delivers benefits to Americans and does not contain extreme policies,” said U.S. President Joe Biden.
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