By Richard Cowan and David Lawder
WASHINGTON (Reuters) – Budget negotiators in the U.S. Congress on Tuesday were wrapping up a tentative deal on a budget plan to avoid a January 15 government shutdown, amid warnings from conservative groups that they would oppose it.
The plan does not purport to be any “grand bargain” that would slash the federal deficit.
It remains uncertain whether it will pass both houses of Congress. But if it does, it could put an end for the time being to dramatic budget standoffs that have rattled markets in the past, allowing lawmakers to write annual spending bills in a more orderly fashion. Congress has not enacted a budget bill since 2009. Continue reading “U.S. budget deal nears amid conservative opposition”