President Donald Trump signed a $400 billion budget deal early Friday morning, ending what’s reported to be the shortest government shutdown on record, just before the official work day began.
The shutdown, which lasted from 12:01 a.m. to about 5:30 a.m. Friday, was triggered by GOP Sen. Rand Paul of Kentucky after he objected to adding $1 trillion to the federal deficit in 2019.
But the bipartisan short-term funding agreement also brings relief of compromise. Military spending will go up about $80 billion for each of the next two fiscal years, non-defense accounts about $60 billion per year, plus an additional $90 billion in disaster aid for recent wildfires and hurricanes.
Other notable boosts include securing 10 years of CHIP funding and a 65-page-long list of extended tax breaks that were close to expiration.
For more on the bill’s specifics and overall impact, we’ll get the latest from a Washington reporter and hear from two economic experts.