New Budget Agreement

After negotiators agreed on the deal, President Trump repeatedly tweeted his support, but Republican lawmakers were not necessarily consistent. In Parliament, the measure received less support from GOP members than three previous budget agreements, with only 65 representatives supporting it. With Democrats in the majority for the first time in the BCA era, it`s not entirely surprising that minority Republicans are forcing them to vote. But we also expected the president`s public support to bring in more members from his own party. The impact of this difference on the annual fundraising process, which allocates these funds among federal programs, is expected to be mixed. On the one hand, it is often easier to reach agreement on the underlying expense accounts when larger increases are required. But as experience has shown last year, a budget agreement to begin the budget cycle – as Congress will do next year – can help the House of Representatives and the Senate complete their work in a timely manner. What else can we learn from this summer`s budget agreement? Here are four takeaways. The multi-party budget package increases military and non-military spending by $320 billion above budget caps. | Chip Somodevilla/Getty Images The agreement would represent GJ20 defence spending at $666.5 billion and non-defence spending at $621.5 billion; GJ21`s spending would be set at $671.5 billion for defence and $626.5 billion for non-defence.

These non-defense figures are a far cry from the “supposed” figures of Democrats in the House of Representatives: $631 billion for the GJ20 and $646 billion for the GJ21. Keep in mind that congressional Democrats are most concerned that non-defense spending will be followed by possible increases in defense spending, which is a priority for congressional Republicans and the government. Given that the National Science Foundation and many other federal research institutes are on the non-defence side of the federal budget, the increases should be reflected in the research. With just weeks to go until the end of the fiscal year, Congress is completing its work on draft budgets for defence, labor, health and education in fiscal year 2019 and is adopting an $855 billion “minibus.” The package also contains a slippery resolution for the rest of the budget until 7 December 2018, about a month after the next elections in November.