Spending Deal Reached & Government Funded Until March

This agreement represents a compromise, which means neither side got everything it wanted.

President Biden after signing a short-term spending bill into law that averts a government shutdown.

Why It Matters: The current bill, that passed with bipartisan support, funds the government until mid-March – essentially keeping spending at current levels and adding some extra funds for disaster funding ($100B) and farmer assistance ($10B). This bill represents a much smaller spending bill than the original proposal derided by President-elect Trump and allies Elon Musk and Vivek Ramaswamy.

Read More: Biden signs bill that averts a government shutdown and brings a close to days of Washington upheaval (The Associated Press)

Here’s what’s in and out of the government funding agreement (AOL / CNN)