A kinkajou, 1886. Less than an hour and a half before a budget-negotiation stalemate would have necessitated the first U.S. government shutdown since 1995, Democrats and Republicans worked out a compromise. The stopgap agreement, which will fund government operations until Thursday, April 14, proposes a $38-billion reduction in annual spending, the largest ever budget cut, achieved by slashing mainly health and education allocations, including public housing, as well as Pell grants for low-income college students. The military, however, would receive $5 billion more than it did last year.
Weekly Review
Weekly Review
Weekly Review
A kinkajou, 1886. Less than an hour and a half before a budget-negotiation stalemate would have necessitated the first U.S. government shutdown since 1995, Democrats and Republicans worked out a compromise. The stopgap agreement, which will fund government operations until Thursday, April 14, proposes a $38-billion reduction in annual spending, the largest ever budget cut, achieved by slashing mainly health and education allocations, including public housing, as well as Pell grants for low-income college students. The military, however, would receive $5 billion more than it did last year.