WASHINGTON (AP) — The House has passed a bipartisan budget-and-debt deal that prevents an unprecedented government default.
A coalition of Democrats, GOP defense hawks and pragmatic Republicans supported the measure.
The legislation now heads to the Senate, which is
on track to pass it before Tuesday’s deadline for increasing the
so-called debt limit. It gives the government authority to borrow freely
through March 2017.
The measure is the result of hard-fought negotiations between congressional leaders and President Barack Obama.
The bill also calls for approximately $112 billion
in additional spending over two years, to be allocated in upcoming
legislation negotiated by the House and Senate.
About $80 billion would be offset by spending cuts elsewhere in the budget.
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