Congress agrees on how to divide up $1.01T

|By:, SA News Editor

House and Senate negotiators have agreed on how to allocate $1.01T in funding through Sept. 30 following Congressional approval of the budget guidelines in December.

The 1,582-page deal eases some automatic spending reductions by providing an additional $45B for military and domestic discretionary programs. Non-war spending will be $520.5B, with the armed force being able to avoid $22B in cuts.

The conflict in Afghanistan will receive $85.2B.

However, there's no increase in funding for Obamacare, while $63B in financing for the IMF was again delayed.

The bill prohibits the Postal Service from eliminating mail delivery on Saturday or shutting rural post offices.

GOP and Democrat leaders are confident that the bill will pass the House and the Senate.

Defense tickers: BA, LMT, GD, NOC, HON, BAESY, RTN, COL, HRS