News
By Madeleine Hubbard, Just the News, 1-7-24
Editor’s note: It appears that new Speaker of the House Republican Mike Johnson has already broken his promise not to continue current funding levels and laws via what they don’t seem to want to call a Continuing Resolution- all the way to the end of the fiscal year- 9-30-24. Current spending levels are a huge increase over previous administrations’ and Congress’. “Spending cuts” of $16 billion announced are just a 1% drop in the bucket reduction from a $1.590 trillion authorization likely to be approved. Objectionable laws and provisions will also be carried forward.
This is a huge debt and deficit inducer. Four trillion dollar deficits and a $34 trillion dollar national debt are now occurring. Interest alone on the national debt is creeping up toward $1 trillion annually.
Per Just The News”
House Speaker Mike Johnson on Sunday said Congressional leaders reached a topline spending deal to avert a federal government shutdown by providing funding through the rest of the fiscal year.
The Louisiana Republican leader made the announcement Sunday in a “Dear Colleague” letter to members of Congress after reaching a deal with the White House and the Senate, The Hillreported.
The topline deal allocates $1.590 trillion for the rest of fiscal year 2024, which will last through September. It includes $886 billion for defense and $704 for nondefense spending, Johnson said in the letter.
Read full article in Just The News
