$85B Budget Deal Unveiled

WASHINGTON, DC-Budget negotiators say they have reached a bipartisan deal that would set spending levels for the next two years.

By Erika Morphy | Updated on December 10, 2013

WASHINGTON, DC-For those fearing a repeat of October’s events, or for that matter, the continuing uncertainty of operating without a federal budget, hope is in sight. On Tuesday evening, Senate Budget Committee chairman Patty Murray (D-WA) and House Budget Committee chairman Paul Ryan (R-WI) announced a deal that would set spending for two years and replace some of the sequester cuts with other savings.

The deal would require both Democrats and Republicans to sacrifice some sacred cows: Conservative Republicans are irate that the sequester will be undermined, partly, with this agreement. Democrats, for their part, were not able to extend unemployment insurance for the long-term unemployed.

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