U.S. Budget Deal to Ease Spending Cuts

Congressional negotiators selling a budget accord won Republican endorsements for the plan to ease automatic U.S. spending cuts for two years, remove the risk of a government shutdown and cut the deficit by $23 billion.

“I believe it’ll get a majority of the majority” of House Republicans and a large number of Democratic votes, Representative Darrell Issa, a California Republican, said today after a Capitol Hill briefing. The House may vote as early as tomorrow on the plan.

Chief architects Senator Patty Murray and Representative Paul Ryan in announcing the deal said that while imperfect, the plan would provide economic certainty by establishing a bipartisan budget for the first time in four years.

Bloomberg

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