Congressional leaders have reached an agreement on topline spending levels for the current fiscal year that could help avoid a partial government shutdown later this month. The agreement largely hues to spending caps for defense and domestic programmes that Congress set as part of a bill to suspend the debt limit until 2025. But it does provide some concessions to House Republicans who viewed the spending restrictions in that agreement as insufficient. In a letter to colleagues, House Speaker Mike Johnson said Sunday it will secure USD 16 billion in additional spending cuts from the previous agreement brokered by then-Speaker Kevin McCarthy and President Joe Biden and is about USD 30 billion less than what the Senate was considering.
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