Senate leaders announce budget agreement
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Senate agrees on new spending plan, green-lights defense hikes through next two years.
Republican and Democratic Senate leaders announced a budget agreement Wednesday that includes a big boost in spending for the Pentagon and would keep the government running past a looming deadline.
“I am pleased to announce that our bipartisan, bicameral negotiations on defense spending and other priorities have yielded a significant agreement,” Senate Majority Leader Mitch McConnell said in a floor speech.
Senate Democratic Leader Chuck Schumer said, “We have reached a budget deal that neither side loves, but both sides can be proud of.”
Congress has until Feb. 8 to pass a spending bill, and the deal would fund the government through March 23.
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