The Republican Party and the Democratic Party announced this Sunday a $1.66 trillion agreement to finance the federal government in 2024, a first step to avoid the closure of the Administration of the United States.

The agreement has been announced jointly by the Senate majority leader, Democrat Chuck Schumer, and the speaker of the House of Representatives, Republican Mike Johnson. A pact that will now have to be ratified by Congress American and overcome the very likely opposition of the far-right Republicans of the Lower House.

Thus, the spending ceiling for 2024 will be 1.65 trillion dollars, of which 886,000 million are already in projects approved in December within the Defense Spending Law, so it is approved that non-Defense spending is of 772.7 billion, according to the joint statement of the two parties.

President Joe Biden has highlighted that the agreement “brings us one step closer to avoiding an unnecessary government shutdown and to protect important national priorities.” The president has highlighted that this pact “rejects deep cuts in programs that hard-working families rely on” and opens the way for annual accounts “free of any extremist policies.”

Biden has thanked Schumer and Jeffries for their leadership in achieving this and has urged Republican congressmen to “do their job” and “stop threatening a shutdown.” For his part, Schumer has published a statement with the Democratic spokesperson in the House of Representatives, Hakeem Jeffries, in which they highlight that the agreement implies not including “poison pills” within the budget laws.

The agreement, however, does not completely eliminate the risk of closure of the Administration for this same month, but it is a key step to avoid it before the deadlines of January 19 and February 2.