image credit: Freepik

Education faces flat funding under debt ceiling deal

May 30, 2023

Federal education funding and all nondefense spending would stay flat in fiscal 2024 and get a 1% increase in fiscal 2025, according to a negotiated budget deal made over the Memorial Day weekend in an effort to prevent the country from defaulting on its payments.

The bipartisan agreement drew praise from both the White House and House Republican leadership who said they are working swiftly at a compromise before the default deadline of June 5.

The House Rules Committee is expected to discuss the two-year 99-page deal, titled the Fiscal Responsibility Act, at a meeting today to determine if the bill goes to a full vote in the House on Wednesday.

Read More on Education Dive