Senate Passes Two-Year Budget

On Thursday, the Senate passed a bipartisan, two-year budget agreement. The budget passed by a 64-36 vote, setting an overall spending limit of $1.012 trillion for FY 2014 and restoring approximately $85 billion in sequester spending cuts.

House Budget Committee Chairman Paul Ryan and Senate Budget Committee Chairman Patty Murray both praised the budget deal, acknowledging the compromises both sides of the aisle had to make to ensure its success and expressing optimism that the deal is a positive first step towards greater bipartisanship in Congress.

The bill will go to President Obama’s desk for signature; he is expected to sign it into law before his Christmas vacation.