www.zerohedge.com
By Tyler Durden
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.
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