Congress Approves Bipartisan Two-Year Budget Deal and Debt Ceiling Increase

Posted on: October 30th, 2015 by NADO Admin

This week, details of a two-year, bipartisan budget deal were unveiled.  The Bipartisan Budget Act of 2015 would increase discretionary spending by $80 billion over sequestration-level spending caps.  Spending would be split evenly between defense and non-defense discretionary programs with $50 billion applied to fiscal year (FY) 2016 and $30 billion to FY2017.  The measure also includes a $32 billion increase in the Department of Defense’s Overseas Contingency Operations fund.  In addition, the proposal would raise the government’s debt ceiling through early 2017.  Enactment of a budget deal removes the threat of end of fiscal year standoffs and government shutdowns for the remainder of FY2016 and FY2017.  The House approved the budget deal by a vote of 266 to 167 and the Senate followed, approving the deal by a vote of 64 to 35.  The President is expected to sign the measure into law.  House Appropriations Committee Chairman Hal Rogers (R-KY) announced that the committee will begin working on an omnibus spending package for FY2016 immediately.  Programs are operating under a continuing resolution through December 11.

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