Congressional negotiators reach budget deal, avert January shutdown

A two-year budget deal was released Tuesday by Sen. Patty Murray, D-Wash., and Rep. Paul Ryan, R-Wis. The deal does not include an increase in the debt ceiling, but it offers a level of certainty on spending, replaces the sequester and averts another government shutdown. The agreement includes a net deficit reduction of $23 billion, total savings of $85 billion and "sequester relief" worth $63 billion. Discretionary spending is set at $1.012 trillion for fiscal 2014 and $1.014 trillion for fiscal 2015. The deal moves the expiration of the current 2% cuts from Medicare payments to health care providers from 2021 to 2023.

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