US debt ceiling deal keeps non-defense spending roughly flat until FY 2024 – source

9:12 pm Saturday, May 27th, 2023

(Reuters) – A deal reached to raise the U.S. federal government’s $31.4 trillion debt ceiling keeps non-defense spending roughly flat for current fiscal year and 2024, a source familiar with the negotiations said on Saturday,

There are no budget caps after 2025 in the U.S. debt deal, the source added.

(Reporting by Steve Holland; Editing by David Gregorio)