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The U.S. Senate approved the $1.4 trillion fiscal year 2020 spending bill ahead of the deadline, which was signed by President trump, to avoid a government shutdown caused by temporary funding depletion this weekend.
The democratic and Republican parties in the Senate passed two large-scale appropriations bills, which the government can keep running until September 30. The bill was supported by the White House.
Trump is expected to sign both bills into law by Friday's midnight deadline.
It is worth noting that the Pentagon will receive $738 billion in military spending, an increase of $22 billion over the previous year.
This time, funding for border security will remain at $1.37 billion, well below Trump's requirements.
Discretionary spending by the president and Congress has increased to $1.4 trillion from $1.36 trillion last year, which is different from mandatory spending that would be automatically passed for funds such as social security retirement benefits.
The increase in spending and the tax cuts enacted in 2017 have widened the budget deficit. During the last fiscal year ending September 30, government spending exceeded revenue by $984 billion, and the nonpartisan Congressional Budget Office proposed an average annual budget deficit of $1.2 trillion for the next 10 years.
At present, U.S. Treasury bonds have risen rapidly to $23.1 trillion, and some experts worry that such a level may eventually be detrimental to the economy.


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