Congress, White House Reach Two-Year Budget Deal

The agreement includes about $80 billion in additional spending over two years, divided equally between defense and domestic programs. Those spending increases would be offset by savings from changes to the Social Security disability insurance fund and Medicare payments to doctors and other health care providers. New revenue would be raised by auctioning off portions of government owned broadcast spectrum, selling oil from the Strategic Oil Reserve and by cracking down on audits of large business partnerships.

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