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Congressional leaders, White House reach two-year budget deal
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| Contributor | RP |
| Last Edited | RP Oct 27, 2015 09:47am |
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| Category | News |
| Author | Kelsey Snell |
| News Date | Tuesday, October 27, 2015 06:30:00 AM UTC0:0 |
| Description | House Republican leaders introduced legislation just before midnight on Monday, finalizing a two-year budget agreement between Congressional leaders and the White House. The introduction sets up a vote as early as Wednesday on the bipartisan budget deal which would increase military and domestic spending and avert a potentially catastrophic default in exchange for long-term spending cuts.
The 144-page bill, which is the result of weeks of negotiations between the White House and Congressional leaders, would increase spending by $80 billion over two years and would increase the federal borrowing limit through March 15, 2017. A Wednesday vote all but ensures the budget deal will be one of the last acts for House Speaker John A. Boehner (R-Ohio) who intends to step down from the speakership by Friday. |
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