Daily News

Two-year budget deal would lift spending caps, boost DOD base budget above $600B

February 7, 2018 at 3:25 PM
Senate leaders today broke a political logjam over federal spending, announcing a two-year budget agreement that would raise statutory caps on defense spending for fiscal years 2018 and 2019 by $165 billion, a deal that -- if agreed to by the House and enacted -- would exceed increases for the Pentagon proposed last year by the Trump administration. Senate Majority Leader Mitch McConnell (R-KY) and Minority Leader Chuck Schumer (D-NY) announced on the Senate floor a budget deal that, according...

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