- 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
at Zacks.com (Nov 18, 2014)