After a major vote in the House of Representatives Thursday, a bipartisan budget deal that would keep the government open into 2015 appears likely to become law. You might not really be all that interested in the effect this compromise will have on the economy or in the feud between Republican leaders and the conservative faction in their party. You might be too jaded to ask whether this compromise marks the beginning of a grand new era of cooperation on Capitol Hill or whether it’s just a fluke. But you should still know what’s in the deal. Here’s why:

1. Airline tickets will become more expensive.

Negotiators, led by Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.), didn’t want to raise taxes, but the money to restore some of the sequester cuts had to come from somewhere, so they found some creative ways of getting it. One of their solutions is to increase the fee you pay to the Transportation Security Administration when you purchase a plane ticket.

A typical fee of $5 on a round-trip ticket would more than double to $11.20. Continue reading “What the budget deal means for you”