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IPFS News Link • Government Debt & Financing

Insane Lawmakers Pass $1.4-Trillion in Spending Bills While Ignoring Staggering US Debt...

• needtoknow.news, Fox News & Politico

Lawmakers released the details Monday of a bipartisan spending deal that would rain down $49 billion in extra funding upon nearly every facet of the federal government during the next nine months.

The more than 2,300 pages of bill text are expected to be signed into law before week's end, cementing a total of $738 billion in fiscal 2020 funding for the military and $632 billion for non-defense departments such as Education, Housing and Urban Development, and Health and Human Services.

The House plans to pass the fiscal 2020 spending bills in two packages on Tuesday, likely followed by Senate passage before federal funding runs out at midnight on Friday. With President Donald Trump's signature, the measures would dissolve the threat of a government shutdown until Oct. 1 and negate the need for more stopgap spending measures that keep funding levels static.


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