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President signs Budget Bill into law

The President signs the Budget Bill into law.

The President signs the 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..

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