Congress, White House reach two-year budget deal

by Tribune Wire Reports  |  published on October 27, 2015

Congressional leaders are throwing their collective weight behind a hard-won, two-year bipartisan budget plan aimed at heading off a looming government debt crisis and forestalling a government shutdown in December.

The pact, which would take these volatile issues off the table until after the 2016 presidential election, emerged in behind-the-scenes negotiations late Monday on Capitol Hill. It-would give both the Pentagon and domestic agencies $80 billion in debt relief in exchange for cuts elsewhere in the budget.

The deal represents one last accommodation between President Barack Obama and departing House Speaker John Boehner, but whether it succeeds depends in great measure on the reception it gets from restive House Republicans, including the arch-conservatives who forced the Ohio Republican out.

  • Athanasios1

    Just put that on another credit card…

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