As Congressional leaders secure a deal on overall budget totals, Romina Boccia, Director of Budget and Entitlements at the Cato Institute, weighs in on the implications. The agreement, negotiated by Speaker Mike Johnson in collaboration with Senate Majority Leader Chuck Schumer, establishes funding limits for the military and domestic programs for the current fiscal year. This compromise, announced on Sunday afternoon, has the potential to pave the way for a broader government funding compromise in the coming weeks.
Boccia, however, raises a crucial question: Is Speaker Mike Johnson’s first big deal a mistake for America? The agreement, which sets defense funding at $886 billion and non-defense funding at nearly $773 billion, aligns with the total struck in last summer’s debt ceiling package. The accord, part of the ongoing negotiations between House and Senate appropriators, is met with discontent from Speaker Johnson’s right flank, adding an extra layer of complexity to the already contentious budget discussions. To hear why Lars isn’t a fan of the deal, listen to the full interview here.