Debt ceiling deal maintains non-defense spending levels until 2024.

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Source: Reuters.com
Debt ceiling deal maintains non-defense spending levels until 2024.
Photo: Reuters.com
TL;DR Summary

The US federal government's $31.4 trillion debt ceiling will be raised and non-defense spending will remain roughly flat for the current fiscal year and until 2024, according to a source familiar with the negotiations. There will be no budget caps after 2025 in the debt deal.

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