Congressional Leaders Strike Deal on Spending Levels, Navigating Away from Shutdown Risk

Congressional Leaders Strike Deal on Spending Levels, Navigating Away from Shutdown Risk

Congress achieved a spending agreement for the current fiscal year, preventing a government shutdown. Congress set spending restrictions for defense and domestic programs as part of a debt limit suspension package until 2025. The agreement matches them. The revised pact addresses House Republicans’ complaints about the first spending constraints, but it otherwise follows the agreement…

California Governor and Democrats Reach Budget Deal
|

California Governor and Democrats Reach Budget Deal, Addressing $32 Billion Deficit Without Draining State Savings

The plan aims to address a budget deficit of nearly $32 billion without depleting the state’s savings account. California Governor Gavin Newsom and Democratic legislators have reached an agreement on a budget deal to allocate $310.8 billion for the upcoming year California, which heavily relies on tax revenues from the wealthy, experienced slowed revenue growth…