Democrats Push Two-Year Budget Cap Deal

US capitol building
US capitol building
Washington Report

In a narrow 19-17 vote, the House Budget Committee approved a bill for a defense budget for fiscal 2020 at $733 billion.

The bill sets defense spending limits for fiscal 2020 at $664 billion and fiscal 2021 at $680 billion. There will also be $69 billion in cap-exempt Overseas Contingency Operations (OCO) funding each year.

The bill is written by Rep. John Yarmuth, D-Ky. House Budget Chairman, and co-sponsored by Rep. Nita Lowey, D-N.Y, House Appropriations chairwoman.

The legislation would also set the nondefense budget to $631 billion in fiscal 2020 and $646 billion in fiscal 2021, with $8 billion in nondefense OCO.

The topline numbers for defense fall between fiscal 2019’s defense budget of $716 billion and President Donald Trump’s request for $750 billion.

If the president does not sign a spending caps bill after it has cleared Congress, existing laws would shrink the defense budget to $576 billion.

The House Rules Committee scheduled a meeting about the bill on Monday. House Majority Leader Rep. Steny Hoyer, D-Md., said a floor vote on the bill this week could be possible.
 

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