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CBO Outlines Spending Cuts That Could Occur if Congress Can't Make a Deal

With lawmakers still negotiating spending levels for the 2024 fiscal year, the government is operating under a continuing resolution that maintains the federal budget at 2023 levels until January 19 for some agencies and February 2 for the rest. The unusual structure of the continuing resolution as chosen by House Speaker Mike Johnson means that Congress faces two fiscal cliffs in rapid succession, each of which could produce a partial government shutdown. That’s not the only unusual dyna...
United States Mike Johnson Jodey Arrington Brendanf Boyle Joe Biden Congressional Budget Office
Source: yahoo.com

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