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.

Sponsor

Stay ahead in GovCon

Join thousands of government contractors who rely on GovCon Wire for the latest updates in federal spending, bid opportunities, and compliance changes.

Whether you’re new to the space or scaling up, our brief keeps you informed and ready to act.

I'm Interested In:

GovConWire Daily Briefings

Email Address *

First Name *

Last Name

Position

Company

DCSA Plans Consolidation of Three Contracts Under Future BOSS Competition

DCSA has approved a strategy to combine three support efforts into a single BOSS contract opportunity The unified contract is…

The White House’s Gold Eagle Initiative: Strengthening Public- Private Partnerships to Safeguard Critical Infrastructure in the AI Era

Chuck Brooks is the president of Brooks Consulting International and one of Executive Mosaic’s GovCon Experts. As a longtime advocate for cybersecurity…

Trump Signs Two-Year Deal on Spending, Debt Limit

Related Articles

Executive Interviews

About GovConWire

ExecutiveGov

ExecutiveBiz