Lawmakers in the House of Representatives passed a bill on Wednesday that would temporarily lift caps on both military and domestic spending, providing an additional $40 billion for nondefense spending — including education programs — over the next two years.
The measure, which the Senate is expected to approve this week or next, would provide two years of relief from “sequestration” — the across-the-board budget cuts that took effect in 2013 — while raising the nation’s debt limit for a year. It would also provide $8 billion over two years for international aid through the “Overseas Contingency Operation” fund, a complicated move that would free up that money for other nondefense priorities.
Read more at The Chronicle of Higher Education: https://chronicle.com/article/Vast-Budget-Deal-With-Good/233980
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