Saturday, April 9, 2011

Federal Budget Deal Reached, Government Shutdown Averted At Least Temporarily

Working late into the evening Friday, congressional and White House negotiators struck an agreement to pay for government operations through the end of September while trimming $38.5 billion in spending. Lawmakers then approved a days-long stopgap measure to keep the government running while the details of the new spending plan were written into legislation.

Actual approval of the deal would come in mid-week. "Today Americans of different beliefs came together again," President Barack Obama said from the White House Blue Room, a setting chosen to offer a clear view of the Washington Monument over his right shoulder.

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