US debt ceiling deal keeps non-defense spending roughly flat until FY 2024 -source


Reuters | Updated: 28-05-2023 06:39 IST | Created: 28-05-2023 06:39 IST
US debt ceiling deal keeps non-defense spending roughly flat until FY 2024 -source

A deal reached to raise the U.S. federal government's $31.4 trillion debt ceiling keeps non-defense spending roughly flat for current fiscal year and 2024, a source familiar with the negotiations said on Saturday,

There are no budget caps after 2025 in the U.S. debt deal, the source added.

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