02/07/2018

Senate Leaders Announce Two-year Budget Pact

The agreement aims to avert another government shutdown

The Senate's top leaders announced Wednesday they have sealed agreement on a two-year budget pact that would shower both the Pentagon and domestic programs with almost $300 billion above existing limits, giving wins to both GOP defense hawks and Democrats seeking billions for infrastructure projects and combating opioid abuse.

The agreement is likely to be added to a stopgap spending bill that passed the House on Tuesday and is aimed at averting a government shutdown Thursday at midnight.

The plan also contains almost $90 billion in overdue disaster aid for hurricane-slammed Florida, Puerto Rico and Texas. And it would increase the government's borrowing cap to prevent a first-ever default on U.S. obligations that looms in just a few weeks.

Please select this link to read the complete article from The Associated Press and Yahoo! News.