On Monday evening, US House and Senate budget negotiators reached agreement on a detailed $1.012 trillion budget deal that would fund the federal government through the end of September. The House approved the measure yesterday, with the Senate expected to pass the measure later this week. If enacted, the measure would end the looming threat of another government shutdown and roll back the harmful across-the-board spending cuts scheduled to take place over the next year.
The measure fills in the details of a bipartisan agreement struck last month that, as my colleague wrote at the time, represents a “missed opportunity” because it fails to replace the across-the-board spending cuts in the out years and fails to include any new tax revenue. Read More