Bipartisan Budget Act

The Bipartisan Budget Act is a law passed by Congress that aims to set federal government spending levels and avoid budget crises, like shutdowns or defaults on debt. It typically includes agreements from both major political parties to manage the country’s budget more effectively. The Act can adjust funding for various programs, temporarily raise spending caps, and help ensure that essential government services continue without interruption. By fostering cooperation between parties, it seeks to create a more stable fiscal environment, promoting economic growth and confidence in government financial management.