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[–] brother_tempus [S] 1 point 0 points 1 point (+1|-1) ago
The measure, H.R. 1314, includes a two-year deal to increase defense and non-defense spending levels by $80 billion in 2016 and 2017, paid for with future savings and revenue. The agreement diminishes, but doesn’t eliminate, the odds of a government shutdown because lawmakers still must work out details before current funds expire Dec. 11.
Lawmakers were racing against a Nov. 3 deadline to avoid a debt default. The plan faced opposition from some Senate Republicans, including three 2016 presidential hopefuls who denounced the deal although their own party leaders crafted it.
Voting for the measure were all 46 members of the Democratic caucus and 18 Republicans, while 35 Republicans opposed it.
The budget deal is paid for, in part, by the U.S. selling 58 million barrels from the Strategic Petroleum Reserve. It also changes the way partnerships such as hedge funds and private equity firms are audited to increase tax compliance, raising $11 billion, according to the Congressional Budget Office.