The bipartisan deal was struck by congressional negotiators. It passed in the House with support from republicans and minority democrats. Neither party is completely happy with deal, but both sides say the compromise will do.
The bill would prevent another government shutdown. It sets federal spending for this fiscal year and next at just over $1 trillion and eliminates $63 billion in forced spending cuts to the military and other programs through sequestration. To match the savings from those cuts, it doubles the fee travelers pay for airport security and makes newly-hired federal workers contribute more into their pensions. The bill would not extend unemployment benefits to 1.3 million Americans which expire in December.
The Senate will vote next week on the bill. If it passes, the first real budget in two years will head to the presidents desk for his signature.