Senate Passes Bipartisan Budget Deal

Law360, New York (December 18, 2013, 5:08 PM EST) -- The U.S. Senate on Wednesday passed a bipartisan budget agreement to fund the government for two years and avert a possible government shutdown after current spending resolutions expire Jan. 15., sending it to the president's desk.

The bill, crafted by Rep. Paul Ryan, R-Wis., and Sen. Patty Murray, D-Wash., slightly increases spending and restores some funds that were cut from domestic and military spending by sequestration. It also reduces the deficit by about $22 billion over a decade, offsetting the higher spending with increases in federal...
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