The House approved a budget deal by a 266-167 bipartisan vote Wednesday to raise spending levels for the next two years and extend the government’s borrowing authority until March 2017, USA Today reported Wednesday.Deidre Shesgreen writes the agreement calls for an additional $80 billion in domestic and military program funds spread over the 2016 and 2017 fiscal years.
The deal would also reform the Social Security disability program to generate potential savings of up to $168 billion, the report said.
Shesgreen said the Senate aims to hold a final vote on the proposed two-year budget before the U.S. debt limit expires Tuesday.
Brendan McGarry wrote in a separate Military.com report the deal would increase spending caps for Defense Department budget by $25 billion in the current fiscal year and by $15 billion next fiscal year, as well as allocate about $59 billion in war funds.
The defense budget is forecast to reach $607 billion in FY 2016 and $610 billion in FY 2017 through the budget agreement.
