A bipartisan budget deal is being unveiled, funding the federal government for two years. If approved by the House and Senate, the deal will avert another showdown over spending. In a Capitol news conference, Wisconsin Republican Congressman Paul Ryan said the deal doesn't raise taxes and reduces the deficit.
"I think this agreement is a clear improvement to the status quo. This agreement makes sure that we don't have a government shutdown scenario in January. It makes sure we don't have another government shutdown scenario in October. It makes sure that we don't lurch from crisis to crisis," the congressman said.
The deal increases spending above levels set by the so-called sequester of mandatory, across-the-board cuts. Senator Patty Murray agreed that the deal ends a pattern of lurching from "crisis to crisis." The Washington state Democrat chairs the Senate Budget Committee. Murray said negotiators managed to compromise and break through gridlock and partisanship.