What to know about the Schumer-Johnson topline funding agreement
The deal reflects the bargain President Biden and former Speaker McCarthy negotiated last year, with about $16B in additional cuts for which the new speaker can claim victory.
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Ahead of the House and Senate’s return to Washington this week, Senate Majority Leader Chuck Schumer (D-N.Y.) and Speaker Mike Johnson (R-La.) announced a $1.6 trillion deal on the amount of money lawmakers ca…