Business Insider: Washington Just Reached the Mother of All Budget Deals of the Obama Era

Pete Souza/WH Photo

From Brett LoGiurato writing at Business Insider:

Washington may have solved almost all of its budget problems through the 2016 presidential election.

Congressional leaders and the White House came to tentative terms on a major budget deal in the wee hours of Tuesday morning.

Its passage is far from certain, but it will come as House Speaker John Boehner’s (R-Ohio) likely final act before he leaves Congress at the end of the week and hands over the role to Rep. Paul Ryan (R-Wisconsin).

The agreement, which would last for two years, comes just days before the Treasury Department warned it was running low on cash to keep paying the government’s obligations, as the nation brushed up against the debt ceiling. And it comes a little more than a month before another potential government-shutdown showdown.

Read the rest of the story at Business Insider.