Republican and Democratic leaders on Capitol Hill have reached a $1.66tn agreement on the level of US federal spending for 2024, in a breakthrough that moves Congress one step closer to avoiding a costly government shutdown.
The news was jointly announced on Sunday by Chuck Schumer, the Democratic Senate majority leader, and Mike Johnson, the Republican Speaker of the House.
The framework agreement comes with less than two weeks to go until a government deadline. Funding for several parts of the federal government is set to run out on January 19, and for others on February 2, unless the two sides can hammer out more detailed budget bills.
Read more about the spending deal here.
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