President signs Budget Bill into law
President Barack Obama has signed a bill that provides a broad outline for the federal budget through 2015 and eases some of sequestration’s cuts, the White House said Thursday.
The Bipartisan Budget Act restores a total of $63 billion in discretionary funding to the Defense Department and some domestic agencies in 2014 and 2015, but also includes $85 billion in deficit reduction.
When Congress returns in January, lawmakers will still need to approve a bill that authorizes spending through the end of the fiscal year, or for a shorter period of time, as has been the case in recent years. More..