The representatives of both American parties reached an agreement on the general aspects of the budget bill
The top Democratic and Republican representatives of the US Congress reached an agreement on the general budget bill of 1.59 trillion dollars. |
According to the international group Tasnim News Agency
, the top Democratic and Republican representatives of the US Congress last night agreed on the general budget bill of 1.59 trillion dollars, so that the competition between the representatives of both parties for the approval of this bill will be formed and the government’s budget before its shutdown this month.
According to this report, since the beginning of last year, committees from the US House of Representatives and the Senate, regarding the 12-item annual government budget bill For the new fiscal year, which started from October of last year and continues until October of this year, they did not reach an agreement due to the lack of agreement on its final figure. Since then, an emergency budget has been considered for some government institutions to prevent Shut down the government.
Currently, there is no agreement between the two parties regarding this bill. Mike Johnson, Speaker of the US House of Representatives, announced in a statement that the huge figures in this bill include $886 billion for defense spending and $704 billion for non-defense spending. Meanwhile, Senate Majority Leader Chuck Schumer stated in another statement that the amount allocated for non-defense spending is about 772 billion dollars.
Congress last month approved the appropriation of $886 billion for the Department of Defense in the current fiscal year, and this bill was signed into law by Joe Biden. Congress representatives are currently negotiating the details of how to distribute this budget between different departments. Schumer and Hakeem Jeffries, the head of the Democratic Congress in A joint statement said that in the discretionary non-defense budget, it will support key domestic priorities such as veterans’ benefits, the health system and food aid instead of reducing the budget of some other sectors at the request of the Republicans.
Last spring, Joe Biden and Kevin McCarthy, the former speaker of the US House of Representatives, reached an agreement of 1.59 trillion dollars for the budget of fiscal year 2024, along with increasing the level of debts. administration to avoid a historic debt default in the United States.
But soon after, a fight between Biden and McCarthy over the allocation of additional funds Non-defense was formed in the amount of 69 billion dollars.
One of the Democratic advisers in the Congress stated that the adjustment of this figure of 69 billion dollars is part of the resulting agreement. It was last day.
This Meanwhile, on November 15th of last year, the lawmakers of the US House of Representatives approved a temporary budget bill with the broad support of lawmakers of both parties to prevent a government shutdown.
This temporary budget bill will keep the government budget at the current level until 2024. extended, giving lawmakers more time to discuss the details of the overall budget bill for the new fiscal year to cover everything from the military to scientific research.
At the same time, Chuck Schumer, the majority leader of the US Senate, said in a statement after the approval of this bill in Congress. : He is very pleased with the strong bipartisan support of American legislators for this temporary bill and will work with his Republican counterpart Mitch McConnell in the Senate so that this bill is passed in the Senate as soon as possible.
while some Republicans in Congress said they were upset that the bill did not include a temporary budget, cuts in government spending, and no funding for border security.
In this bill, the budget of structures Military, veterans benefits, transportation, housing, urban development, culture, Food and Drug Administration, and energy and water programs have been extended until January 19 of next year. Funding for all other federal actions, including the defense budget, will expire on February 2, 2024.
Meanwhile, the debt of the United States increased after President Joe Biden approved a bill in early June of last year that removed the $31.4 trillion debt ceiling for two years, effectively giving the government allowed it to continue borrowing without restrictions until 2024.
The cap was removed after repeated warnings from the Treasury that if the cap is not removed, the US government will default on its obligations.
As a result Less than two weeks after the approval of this bill, the debt of the government of this country reached 32 trillion dollars and has been increasing ever since.
For comparison, four decades ago, the US national debt was about $907 billion. At the current rate, the U.S. national debt is on track to nearly double over the next three decades, according to projections by the Congressional Budget Office.
Publisher | Tasnim News |