The deal to raise the debt ceiling through the end of next year and cut spending locks in JoeBiden's proposed defense budget at its cap.
Biden’s budget request, released in March, includes $842 billion for the Department of Defense and roughly another $44 billion for non-Pentagon defense spending, totaling approximately $886 billion. The deal, which House Speaker Kevin McCarthy and Biden announced over Memorial Day weekend to avoid the U.S. defaulting on the national debt, caps national security spending for fiscal 2024 at that $886 billion mark, a 3.3% increase over this year.
Last year, Congress opted to add $40 billion to Biden's fiscal 2023 defense budget due to concerns of inadequacy, and while some Republicans, like Graham, expressed intent to do that again after the president's new budget proposal, now that's in question.
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