Speaker Johnson Announces $1.66 Trillion Bipartisan Package To Avert Shutdown

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House Speaker Mike Johnson told colleagues on Sunday that Congressional negotiators have reached a topline spending figure to avert a federal government shutdown on Jan. 19 for some government agencies, and Feb. 2 for others.

According to a Sunday “Dear Colleague” letter, the topline deal – which mostly adheres to a deal reached between the White House and former speaker Kevin McCarthy (R-CA), limits discretionary spending to $1.66 trillion overall. It also secures $16 billion in additional spending cuts vs. the McCarthy deal, and is around $30 billion less than what Senate Democrats wanted.

“This represents the most favorable budget agreement Republicans have achieved in over a decade,” wrote Johnson, adding “As has been widely reported, a list of extra-statutory adjustments was agreed upon by negotiators last summer. The agreement today achieves key modifications to the June framework that will secure more than $16 billion in additional spending cuts to offset the discretionary spending levels.”

www.zerohedge.com/political/speaker-johnson-announces-166-trillion-bipartisan-package-avert-shutdown



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