Trump Signs Two-Year Deal on Spending, Debt Limit

President Joe Biden and House Speaker Kevin McCarthy on Sunday reached a bipartisan agreement to suspend the debt ceiling for two years, reduce government spending during the period and increase military spending by approximately 3 percent, The Wall Street Journal reported Monday. The deal would curb spending on domestic programs and increase the age of

A standoff between the White House and House Republicans over the debt ceiling could delay the passage of a national security budget for fiscal year 2024, a scenario that could increase the possibility of the Department of Defense operating under a continuing resolution and hurt military contractors, The Wall Street Journal reported Friday. The meeting

A new McAleese & Associates report says a two-year budget deal will provide the Department of Defense with a topline budget of $738B for fiscal year 2020, reflecting a 3 percent growth from FY 2019 spending levels.