by Bill Chappel
J. Scott Applewhite/AP
The House has approved a bipartisan budget deal to cut around $23 billion from the federal deficit over 10 years while removing the threat of a possible government shutdown until 2015. A shutdown deadline had loomed for Jan. 15.
The Bipartisan Budget Act of 2013 also sets spending levels for the 2014 and 2015 fiscal years, which its backers say will add more stability to both the U.S. economy and the government’s operations. Continue reading “House Approves Budget Deal; Compromise Heads To Senate”