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Budget

House Passes Two-Year Budget Deal, Senate to Vote Next Week

Vivienne Machi By
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House Passes Two-Year Budget Deal, Senate to Vote Next Week
Low angled view of the U.S. Capitol East Facade Front in Washington, DC.

The House on July 25 passed a two-year spending bill that would remove the threat of sequestration through fiscal year 2021, with the Senate expected to vote on the bill next week. The vote, which was passed 284-149, sets the funding topline for defense spending at $738 billion for fiscal year 2020 and at $741.5 billion for FY ’21, higher than the $733 billion topline included in the House version of the FY ’20 National Defense Authorization Act. However, it…

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