US debt ceiling deal keeps non-defense spending roughly flat until FY 2024 - source

2023-05-28 01:12

A deal reached to raise the U.S. federal government's $31.4 trillion debt ceiling keeps non-defense spending roughly flat

US debt ceiling deal keeps non-defense spending roughly flat until FY 2024 - source

A deal reached to raise the U.S. federal government's $31.4 trillion debt ceiling keeps non-defense spending roughly flat for current fiscal year and 2024, a source familiar with the negotiations said on Saturday,

There are no budget caps after 2025 in the U.S. debt deal, the source added.

(Reporting by Steve Holland; Editing by David Gregorio)