"Congressional Leaders Reach Bipartisan Spending Deal to Avert Shutdown Threat"

Congressional leaders have reached a spending deal to avert the next government shutdown, setting top-line spending for fiscal year 2024 at $1.59 trillion. The agreement maintains the previously agreed defense and non-defense funding levels, with Republicans securing concessions including a $10 billion cut in IRS funding and a claw-back of $6 billion in COVID-19 relief funds. Lawmakers will now work on individual spending bills to prevent a shutdown before the funding deadlines on Jan. 19, with Democrats claiming the deal as a win for maintaining Biden's negotiations while Republicans push for key policy riders.