White House Reaches Budget Agreement With Republicans
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The White House reached a budget deal with Senate Republicans, and Vice President Joe Biden came to the Capitol to sell it to Democrats with tax increases for almost every U.S. worker set to take effect in a few hours.
Biden negotiated an agreement with Senate Minority Leader Mitch McConnell to increase taxes on top earners, extend expanded unemployment benefits and prevent automatic spending cuts from taking effect for two months, according to a person familiar with the talks who requested anonymity.