Saturday, April 9, 2011

Budget Deal Reached to Avert Shutdown - NYTimes.com

Budget Deal Reached to Avert Shutdown - NYTimes.com

WASHINGTON — Congressional leaders and President Obama headed off a shutdown of the government with less than two hours to spare Friday night under a tentative budget deal that would cut $38 billion from federal spending this year.

After days of tense negotiations and partisan quarrelling, House Republicans came to preliminary terms with the White House and Senate Democrats over financing the government for the next six months, resolving a stubborn impasse that had threatened to disrupt federal operations across the country and around the globe.

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