For the first time in 15 years the House and Senate Budget Committee chairs announced a deal on a ten year budget resolution that sets the broad parameters of spending and revenues. If approved, outlays (another word for spending) grow from $3.88 billion for FY 2016 to just over $5.0 billion in FY 2025. Revenues would also increase slightly more than outlays by 2024, meeting the GOP goal of achieving a balanced budget within ten years.
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