From: Thomas Stapleton
To: Thomas Stapleton
Subject: FY24 Spending Deal Reached
Date: Sunday, January 7, 2024 1:10:42 PM
Details still need to be worked out, but now likely that we get an FY24 Appropriations Bill…V/R TJ
Per Punchbowl’s text with statements from House and Senate leadership… Breaking: Speaker Mike Johnson and Senate Majority Leader Chuck Schumer have notched an agreement on FY2024 spending.
The deal makes slight changes to the Fiscal Responsibility Act -- the agreement between President Joe Biden and former Speaker Kevin McCarthy.
Johnson secured the acceleration of an additional $10 billion in cuts to the IRS and trimmed $6.1 billion in unspent Covid-19 relief money.
Here's Johnson's letter to his colleagues: https://pbwl.news/6az
And here's a statement from Schumer and House Minority Leader Hakeem Jeffries: https://pbwl.news/e6d269