Congress Seeking Bigger Budget Deal While Avoiding Shutdown

  • Six-week House spending bill may yield to longer-term plan
  • Congressional leaders are negotiating a two-year budget accord
Bloomberg’s Jodi Schneider reports on the House passing a temporary spending bill to keep the U.S. government open.(Source: Bloomberg)
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The short-term spending bill passed by the House to avoid a government shutdown this Friday may get replaced with a longer-term budget plan that raises spending caps for defense and domestic programs if congressional leaders can wrap up a deal in the next two days.

The House bill, passed 245-182 Tuesday, would keep the government open only until March 23 while funding the Pentagon through September. But Republican and Democratic leaders in both chambers are working on a two-year budget plan that -- if that comes together -- may be combined with other important but stalled measures, including lifting the federal debt ceiling and hurricane disaster aid.