Us Senate Budget 2024. The senate has passed a $1.2 trillion package of spending bills that pushes any new threats of a government shutdown into the fall. House speaker mike johnson and senate majority leader chuck schumer announced a 2024 spending deal, a significant step toward avoiding a government shutdown.
The house cleared the package in an overwhelming 286. Treasury needs to borrow to pay the bills since the us spends more than it collects in revenue, resulting in a budget deficit.