Trump Signs Two-Year Deal on Spending, Debt Limit

President Donald Trump on Friday signed into law a $2.7T budget deal that would raise the government’s borrowing limit and increase federal spending over two years, Federal Times reported Friday.

The signing came a day after the Senate voted 67-28 to pass the deal that would increase defense spending from $176B this year to $738B in 2020 to $740B in 2021.

The report said the measure sets an annual $1.37T limit on congressionally approved agency budgets and seeks to prevent a government shutdown in October and end automatic spending cuts.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Technology

Related Articles

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it