According to POLITICO the House-Senate negotiators rolled out a $1.1 trillion spending bill Monday night — a giant package that fills in the blanks of the December budget agreement and promises to restore some order to government funding over the next year.
Under pressure from Republicans, the measure keeps a tight rein on new funding for Wall Street regulators and effectively freezes appropriations for President Barack Obama’s health care program at the reduced, post-sequester level.
But the White House retains the flexibility to find the financing it needs to implement the health exchanges and appears satisfied to have avoided the most contentious restrictions proposed by conservatives.
Among his other domestic priorities, Obama secured significant new funding he has wanted for pre-kindergarten education initiatives, albeit more through existing programs like Head Start than the new format he envisioned.
Indeed, the new $8.6 billion funding level for Head Start reflects one of the biggest investments in the bill — an estimated $1 billion, or 13 percent, increase over current funding and $612 million over its initial 2013 enacted appropriation. More…