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House To Consider Budget Deal Monday

Mark Wilson, Getty Images

More deals are in negotiations today as the House is scheduled to begin considering a budget deal to cover the remainder of the fiscal year.

The Senate would take up the bill at some point after that, according to Jon Summers, a spokesman for Senate Majority Leader Harry Reid’s office.

Last week, President Barack Obama and congressional leaders negotiated an agreement to cut $38.5 billion in non-military discretionary spending for the rest of the current fiscal year, which ends on September 30.

The deal came about an hour before funding authorization for the government was scheduled to expire, which would have partially shut down government operations.

On Wednesday, the president will begin to lay out his plan for long-term deficit reduction — something that has been demanded by conservatives.

via House takes up budget deal – CNN.com.

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