The President moments ago announced a two year budget agreement is in place — the compromise would increase fiscal 2020 spending limits for domestic programs by about 4% above current FY 19 funding levels. For fiscal 2021, which begins Oct. 1, 2020, domestic spending limits would be raised another 1%.
Conservatives had been making an eleventh hour plea circulating a letter for signature to the President urging him not to accept this deal without further concessions from the Democrats, but the President tweeted his approval of the deal and that it “was a real compromise in order to give another big victory to our Great Military and Vets!”. The agreement also contains a two year extension of the debt limit. Assuming the agreement stays in place, a vote will take place before Members depart for the August recess. More details to come.