Published on December 19, 2013

Senate approves budget agreement

WASHINGTON (Dec. 19, 2013) — By a 64-36 vote, the Senate has approved the bipartisan federal budget agreement previously passed in the House.

The legislation approved Dec. 18 rolls back the sequester cuts by about $63 billion over two years, offset by approximately $85 billion in spending cuts and new revenue.

The agreement sets parameters for federal spending, but leaves the details to the House and Senate appropriations committees. There is a Jan. 15 deadline to complete and approve the full package, leaving open the possibility of another government shutdown similar to the 16-day closing last October.

President Barack Obama is expected to sign the bill before leaving this weekend for Christmas vacation in Hawaii.

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