U.S. House and Senate negotiators reached an accord on Jan. 7 to unlock final FY 2024 appropriations bills after nailing down the final defense and non-defense spending limits, party leaders announced.
The deal will allow for the total level of spending laid out in last year’s debt limit agreement, with $886.3B for defense and $772.7B for non-defense programs. The latter figure includes spending agreed upon but not written into the legislative text of the debt limit law.
Lawmakers tweaked offsets and budgetary accounting to hit the $69B in a non-defense “side deal” target, which comes on top of a “base” funding level in the law totaling $703.7B.
Gone is $10.5 billion in spending designated as an “emergency” and a $10B offset by caps on “mandatory” funds - known as zero-outlay changes in mandatory programs, or CHIMPs.
Speaker Mike Johnson (R-La.) secured $16B in additional rescissions of previously-appropriated funds, which includes $6.1B in new clawbacks of pandemic aid and $20.2 billion in IRS funding rescissions, more than double the earlier agreement.
[Clawback is any money or benefits that have been given out but required to be returned due to special circumstances.]
There is also no agreement yet on another stopgap spending measure, which appears likely to be needed to avoid a partial government shutdown Jan. 19.
The current stopgap bill runs out after Jan. 19 for four of the spending bills totaling roughly 20 percent of annual discretionary spending. (Roll Call 01/07/24) Congressional leaders announce topline deal on appropriations - Roll Call
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