The budget deal, which has not yet been finalized, would boost defense and domestic spending above sequestration levels by $50 billion in the first year and $30 billion in the second year. In each year, there would be an additional $16 billion spent using the Overseas Contingency Operations fund. It would also curtail a huge increase in Medicare premiums due to go into effect in January for some beneficiaries — a provision sought by House Minority Leader Nancy Pelosi (D-Calif.).
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