Congress Strikes a Budget Deal to Avert Shutdown, Cutting $38.5B
Congressional leaders, with barely an hour to go before a federal government, announced late Friday night they had reached a deal to fund the government through the end of the fiscal year.
The deal includes $38.5 billion in spending cuts while leaving the more contention policy matters, such as blocking funding for Planned Parenthood, for a later debate.
The Senate passed a short-term spending measure Friday night to buy lawmakers the time needed to prepare and pass the final budget bill next week. The House passed the measure early Saturday, which will be signed by President Obama when he receives it, according to senior administration officials.
“This agreement between Democrats and Republicans on behalf of all Americas is a budget that invests in our future while making the largest spending cut in our history,” Obama said in a short speech to the nation after the deal had been announced.”Today Americans of different beliefs came together again.”
Shortly after midnight, White House budget director Jacob Lew issued a memo instructing the government’s departments and agencies to continue their normal operations.