After negotiations that went on for several weeks to reach an agreement for setting the federal budget, the US lawmakers announced a federal spending limit of $1.6 trillion for fiscal year 2024, averting the government shutdown as presidential elections near this year. The budget was announced by Republican House Speaker Mike Johnson and Democrat leaders in Congress, with President Joe Biden appreciating the move. The 81-year-old Joe Biden said: “The deal moves us one step closer to preventing a needless government shutdown and protecting important national priorities.” But time is short…
Read MoreLegislators in US announce $1.6tr federal budget after weeks-long negotiations
