Two-Year Budget Deal and Fifth Continuing Resolution for FY2018 Signed into Law

Posted on: February 9th, 2018 by NADO Admin

In the early morning hours of February 9, Congress approved a two-year budget deal that increases defense and non-defense discretionary spending caps dramatically.  The package also extends current Fiscal Year (FY) 2018 spending through March 23 to allow time for appropriators to draft an omnibus spending package to fund the government through September 30 under new budget caps.  Passage of the package by both the House and Senate followed a brief government shutdown when the most recent Continuing Resolution expired at midnight.  The President signed the bill into law this morning.

The budget deal would increase discretionary spending by nearly $300 billion for FY2018 and FY2019. For FY2018, that means an increase in defense caps of $80 billion and an increase in non-defense caps of $63 billion.  Other provisions included in the package:

  • $89 billion for disaster aid for hurricane and wildfire victims, including $600 million for the U.S. Economic Development Administration
  • A suspension of the debt limit through March 1, 2019
  • Specific recommendations for non-defense spending priorities in FY2018 and FY2019 including $3 billion each year for opioids and mental health; $2 billion each year to reduce the Veterans Affairs healthcare maintenance backlog; and $10 billion each year for infrastructure investment

Having new spending limits in place for FY2018 and FY2019 that both parties support is designed to end the recent cycle of shutdown threats and continuing resolutions.

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