U.S. Reaches Budget Deal to Avoid Shutdown

Key congressional budget negotiators on Tuesday said they reached a budget agreement to avert a government shutdown and bring a rare dose of stability to Congress’s fiscal policy-making over the next two years.

Rep. Paul Ryan and Senator Patty Murray announced a two-year budget agreement that would offset the government shutdown looming on January 7.

Looking to head-off a New Year’s government shutdown and prevent the chaos seen in October, top Congressional negotiators reached a budget deal – ahead of a Friday deadline. Republican House Budget Committee Chairman Paul Ryan calls the agreement a step in the right direction.