Skip to content
Subscriber Only

Obama to Sign First Budget by Divided Congress Since 1986

President Barack Obama is poised to sign into law the first bipartisan budget produced by a divided Congress in 27 years, abating the fiscal discord that spurred a government shutdown in October.

The Senate yesterday passed a $1.01 trillion budget deal easing $63 billion in automatic spending cuts, raising user fees and lowering the U.S. deficit over 10 years. The plan keeps in place about half of the spending cuts known as sequestration for next year, and about three-quarters of the planned reductions for 2015.