Politics & Government

House, Senate Negotiators Announce Deal To Avert Another Shutdown

House and Senate negotiators said late Thursday that they reached a budget deal. The agreement would restore some of the automatic spending cuts known as sequestration, and includes some relatively small deficit reduction over the next two years. Rep. Paul Ryan, R-Wisc., and Sen. Patty Murray, D-Wash., hammered out the deal, which they characterized as a step in the right direction that would avoid another government shutdown in mid-January if both the House and Senate approve the budget.

Congress Tries To Craft Budget Deal Before Holiday Break

The Senate is back from vacation and trying to get a budget deal completed. The House plans to leave town for the year at the end of the week, which means the heat is on to settle on spending levels for 2014 and 2015. Democrats would also like to insert money for extended unemployment benefits, which expire at the end of December. If nothing else, negotiators want to agree on a "topline" spending amount to avoid another government shutdown when the current stopgap spending measure expires Jan. 15.