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The fiscal year ends on September 30, so a new or extended agreement must be in place by then.
Regarding the spending package currently on the table, Senate Appropriations Committee Chairman Patrick Leahy (D-VT) confirmed that negotiators had “reached a bipartisan, bicameral framework that should allow us to finish a bill of general appropriations that can be approved by the House of Representatives. and the Senate and be enacted into law by the President.”
Leahy made the announcement Tuesday night, according to The hill.
He went on to say, “The pain of inflation is real, and it’s being felt across the federal government and across American families right now. We can’t delay our work any longer, and a rolling two-month resolution brings no relief.” “
House Appropriations Committee Chair Rosa DeLauro (D-CT) also weighed in, sharing, “We have a framework that provides a path forward to enact a bus next week.”
DeLauro also indicated that the committees will work “around the clock” to finalize the spending bills.
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Prior to this deal, a major issue between Democrats and Republicans was the disparity between defense and domestic spending. None of the legislators who spoke last night indicated what resolution was reached regarding this matter.
Details of the 2023 fiscal framework have not been shared publicly at this time.
It’s worth noting that this package doesn’t address the ongoing battle to extend the expanded child tax credit that was introduced during the pandemic.
Are you happy that a general spending agreement has been reached?
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