That is about $120 billion below the $1.59 trillion set out in the debt ceiling bill negotiated by Biden and McCarthy.
The targets would maintain defense spending at the $866 billion level agreed in the debt ceiling legislation.
"The debt ceiling bill set a ceiling, not a floor, for fiscal year 2024 bills.
Lower spending levels could make it harder for the House to reach agreement with the Democratic-led Senate.
Federal agencies could have to shut down if the two chambers are unable to agree to spending levels by October.
Persons:
Kevin McCarthy, Joe Biden, Biden, McCarthy, Kay Granger, Rosa DeLauro, Democratic appropriator, Steve Womack, David Morgan, Andy Sullivan, Alistair Bell
Organizations:
Democratic, Republicans, Food and Drug Administration, Reuters, Republican, Thomson
Locations:
China