Budget & Appropriations: Congress Approves Bipartisan Budget Deal

The House and Senate approved the Bipartisan Budget Act of 2019 (H.R.3877) on July 25 and August 1, respectively. This bill prevents scheduled discretionary cuts from taking effect and increases limits on discretionary spending. Additionally, it suspends the debt ceiling until August 1, 2021. The House of Representatives is likely to revisit its previously approved appropriations bills in order to reduce funding to comply with these caps. The Senate has been waiting for a budget deal before drafting its fiscal year (FY) 2020 appropriations bills. The new fiscal year begins on October 1, making it likely that a continuing resolution will be needed.

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