The 2016 Bipartisan Budget Act

The 2016 Bipartisan Budget Act was a federal agreement between lawmakers from both parties to increase spending caps on defense and non-defense programs through 2017. It also included provisions to raise the debt ceiling temporarily, allowing the government to borrow more money. The deal aimed to prevent government shutdowns, reduce budget uncertainty, and provide funding stability. In addition, it included some measures to address specific policies like fixing certain social programs and adjusting military spending. Overall, it represented a compromise to manage federal finances, prevent crisis-driven spending cuts, and promote fiscal predictability.