Budget deal is reached

Rep. Paul RyanPaul Davis RyanLieu rips Ryan after Waffle House shooting: ‘When will you stop silencing us?’ To succeed in Syria, Democrats should not resist Trump policy House Republicans prepare to battle for leadership slots MORE (R-Wis.) and Sen. Patty MurrayPatricia (Patty) Lynn MurrayThe risk of kicking higher ed reauthorization down the road Trump admin announces abstinence-focused overhaul of teen pregnancy program Overnight Energy: Senate confirms Bridenstine as NASA chief | Watchdog probes Pruitt’s use of security detail | Emails shine light on EPA science policy changes MORE (D-Wash.) announced a budget deal Tuesday evening that would call for about $1 trillion in federal spending in 2014 while replacing some sequestration cuts.

The deal replaces $63 billion in sequester cuts over two years and trims an additional $23 billion in long-term deficits.

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The agreement falls far short of the grand budget bargain Speaker John Boehner (R-Ohio) and President Obama once envisioned. But if passed, it will bring a measure of fiscal peace to the capital for the first time since Republicans took control of the House in 2010.
“This deal doesn't solve all of our problems, but I think it is an important step to heal some of the wounds here in Congress,” Murray said in a joint press conference with Ryan at the Capitol.

Ryan, the architect of House Republican budget proposals in recent years, called the agreement “a step in the right direction” and defended the deal as consistent with conservative principles. He noted that it reduced the deficit by $23 billion without raising taxes and said it was the first budget agreement with divided government in Washington since 1986.

“In divided government, you can’t always get what you want,” Ryan said.

Read more from The Hill.