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Senate Advances Budget Deal, Clearing Way For Final Passage
The United States Senate advanced a budget compromise Tuesday that provides modest relief to across-the-board spending cuts and prevents another shutdown of the federal government in January. The upper chamber voted 67-33 on cloture, thus meeting the 60-vote threshold to begin debate on the measure. The agreement, which passed the House of Representatives overwhelmingly last week, offers a partial break to the federal budget cuts known as sequestration, by raising spending levels slightly from $967 billion to $1.014 trillion over the next two years. It also produces savings and non-tax revenue totaling $85 billion…Read More
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