At 11th hour, Congress agrees to $78.5B to cuts from Obama’s 2011 proposal, as well as separate short-term bridge bill to keep gov’t open until Fri.
JOINT REID, BOEHNER STATEMENT ON BUDGET AGREEMENT
Washington, D.C. – Senate Majority Leader Harry Reid and House Speaker John Boehner released the following joint statement regarding a budget agreement reached tonight:
“We have agreed to an historic amount of cuts for the remainder of this fiscal year, as well as a short-term bridge that will give us time to avoid a shutdown while we get that agreement through both houses and to the President. We will cut $78.5 billion below the President’s 2011 budget proposal, and we have reached an agreement on the policy riders. In the meantime, we will pass a short-term resolution to keep the government running through Thursday. That short-term bridge will cut the first $2 billion of the total savings.”