---
title: White House and Congress Reach Budget Deal, Sources Say - Concord LP | Concord Energy Strategies
description: The White House and Congressional leaders have agreed on a two-year budget deal that will raise the debt limit and the spending limits set by the so-called sequestration process, according to sources close to the negotiations. The increased spending will be equally divided between defense and non-defense spending — increasing spending caps by $25 billion each […]
---

[Concord | News ](https://www.concordlp.com/news)

# [White House and Congress Reach Budget Deal, Sources Say - Concord LP | Concord Energy Strategies](https://www.concordlp.com/news/white-house-and-congress-reach-budget-deal-sources-say)

 Written by [Concord](https://www.concordlp.com/news/author/concord) | Oct 26, 2015

The White House and Congressional leaders have agreed on a two-year budget deal that will raise the debt limit and the spending limits set by the so-called sequestration process, according to sources close to the negotiations. The increased spending will be equally divided between defense and non-defense spending — increasing spending caps by $25 billion each in fiscal 2016 and by $15 billion each in fiscal 2017, according to a source briefed on the package.

If passed, the deal would remove the threat of a government shutdown or default before the 2016 elections — said to be a goal of Senate Majority Leader Mitch McConnell (R-Ky.). And it fulfills the desire of outgoing Speaker John Boehner (R-Ohio) to “clean the barn up a little bit” in order to make life easier for his successor, Rep. Paul Ryan (R-Wis.), who did not take part in the negotiations.

To read more about the deal, see [http://thehill.com/policy/finance/258091-white-house-gop-near-two-year-budget-deal](http://thehill.com/policy/finance/258091-white-house-gop-near-two-year-budget-deal)

[View full post](https://www.concordlp.com/news/white-house-and-congress-reach-budget-deal-sources-say)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Concord"
  },
  "dateModified" : "2024-03-19T12:33:32.053Z",
  "datePublished" : "2015-10-26T04:00:00Z",
  "headline" : "White House and Congress Reach Budget Deal, Sources Say",
  "image" : {
    "@type" : "ImageObject",
    "height" : 844,
    "url" : "https://44419682.fs1.hubspotusercontent-na1.net/hubfs/44419682/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg",
    "width" : 1501
  },
  "mainEntityOfPage" : "https://www.concordlp.com/news/white-house-and-congress-reach-budget-deal-sources-say",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "News"
  }
}
```