Budget deal would avoid another government shutdown

Budget deal would avoid another government shutdown

A bipartisan Budget Conference Committee this week announced a budget deal that caps federal government spending for the next two fiscal years. The plan, which requires approval from the full House and Senate, would also trim $63 billion from automatic spending cuts through sequestration, without the need for taxes. Although the plan does not address

Debt ceiling resolved, for now

Debt ceiling resolved, for now

Congress sealed a deal Wednesday night to end the partial government shutdown and raise the nation’s debt ceiling for the near term. President Obama signed the bill, after the House voted 285 to 144, to re-open the government, fund operations through January 15, 2014, and raise the borrowing limit through February 7. Although bill opponents