The Latest on FY 2024 Funding Talks

Negotiating teams for House Speaker Mike Johnson (R-LA) and Senate Majority Leader Chuck Schumer (D-NY) are continuing their efforts to hash out a topline spending agreement for fiscal year (FY) 2024 as Congress has just 16 days until the first government funding deadline. According to the latest intel from the Hill, a deal on appropriations numbers — which would include no cuts to defense spending and lower non-defense spending levels than those set under the Fiscal Responsibility Act (FRA) — could come together by the end of this week if this positive momentum holds true. The topline spending allocations are a key precursor to crafting final versions of all 12 spending bills ahead of both deadlines, but more time could ultimately be needed if talks fall apart. Funding for Agriculture-FDA, Energy-Water Development, Military Construction-VA, and Transportation-HUD runs through January 19, with everything else funded until February 2.