Economic news
US debt ceiling deal keeps non-defense spending roughly flat until FY 2024 – source
2023.05.28 00:16
© Reuters. FILE PHOTO: Captured through a taxi windshield, the U.S. Capitol is seen during morning hours on Capitol Hill in Washington, U.S., February 2, 2023. REUTERS/Tom Brenner
(Reuters) – 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.
