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Bipartisan negotiators reach modest budget pact


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While an agreement would have little impact on deficits, it holds the potential for avoiding politically charged budget clashes for the next year or two. The addition of $45 billion in spending for the current fiscal year and $20 billion for the following budget deal would permit the two houses to agree on levels for annual appropriations bill, easing the threat of veto showdowns of the type that can lead into partial government shutdowns.

Officials said the framework under discussion would raise overall spending on general government programs to $1.012 trillion in the current budget year, compared with $967 billion under existing law.

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Even though that represents a two-year increase of about $65 billion, it is below the limits envisioned before the across-the-board cuts began taking effect.




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