and democrats really find as the middle ground. what this deal includes is $886 billion in defense spending, about $704 billion in non-defense spending with an agreement to also reprogram about $69 billion in non-defense spending. that also was part of the debt ceiling deal. in some ways, phil, this really puts mike johnson in the exact same position that former house speaker kevin mccarthy found himself in after that debt ceiling deal passed in june with the house conservatives really revolting against mccarthy. the question now becomes, how do conservatives react? already, they re saying this deal is worse than they thought, but many of those members are the same ones who would never vote for a spending deal to begin with. so right now the first spending deadline is coming up on january 19th. there s a second deadline for the rest of government funding on february 2nd. it looks promising that they have taken this step, but now
trying to tout the president s legislative achievements will start to sink in a little more, but it s going to take some time. the voters want to rely on the economy and give president biden credit for it. thank you for your role in this this morning. we appreciate it. one thing that could affect the economy, a possible government squlount, and maybe good news. congressional leaders have apparently come up with a deal to avoiding the shutdown. house speaker mike johnson and senate majority leader chuck schumer anoupsed the deal yesterday, ahead of the two deadlines to keep the government running on january 19th. this would establish an overall spending level of $1.59 trillion in fiscal year 2024, reflecting the bipartisan deal struck last year by presidentid and then speaker kevin mccarthy. the breakdown s $886 billion for the military and $704 billion for nondefense spending
we re getting from speaker johnson here. you ve got this one point 59 overall trillion dollar total for fiscal year 24. eight 86 billion for defense program, 704 billion fernanda fence spending. no additional emergency funding. ten billion in additional cuts to irs funding, as well. 6.1 billion dollar cuts in covid era spending. walk me through what you expect the reaction to be, both from the right-wing republican caucus, along with democrats. well, we know the republicans in the house have not been shy, yasmin, with voicing their concerns or i are with their own leadership. in fact, is why kevin mccarthy s now ending the year and starting this one completely out of a job and certainly, out of the speakership. so, that s always the tone and tenor of that. the new speaker, mike johnson, is operating against and he alluded to this in his dear colleague, that we just got in the last few minutes. he said, i know this isn t
spending in fiscal year 2024, which allots 886 billion for defense and 704 billion in non-defense spending. now, speaker johnson is touting 16 billion in spending cuts to offset discretionary spending levels, and he highlights two key concessions made by democrats. the first is cutting an additional ten billion dollars in irs funding, as well as six billion dollars in covid era funds, which the white house strongly opposed. so, he s touting these as winds for republicans, but that doesn t mean that this is a done deal. my colleague ali vitali, as you ve seen today, is on the campaign trail and chip roy said that he doesn t like what he s hearing, regarding these top line numbers. we are already getting a little bit of republican opposition, but now that this top line is set, that is good news for progress to avoid this
january 19th deadline. this agreement was struck by house speaker mike johnson and senate majority leader chuck schumer. the two men agreeing to the top line spending numbers totaling about $1.59 trillion for the next fiscal year. the breakdown of that includes $886 billion for defense spending and $704 billion for nondefense spending. there is also another about $70 billion that is part of a side deal that would include additional funding for nondefense issues. now these numbers track very closely with what president biden and house then house speaker kevin mccarthy agreed to last spring. that is something that set off a lot of frustration within the republicans in the house, and tonight we are hearing from the house freedom caucus who was calling this agreement a total failure. they are frustrated that it does not include more spending cuts and there are some concerns going forward about whether conservatives will try to use