Congressional leaders reached a tentative budget deal with the White House that, if approved, would end the annual cycle of government shutdown threats, NBC News reported.
The bill, which was posted online just before midnight, would set government funding levels for the next two years and would also extend the country’s debt limit through 2017, NBC News reported.
The $80 billion deal would raise "sequestration" spending caps that were set in place in 2011.
It would prevent a spike in Medicare B premiums for millions of seniors and also include long-term entitlement reforms to the Social Security Disability Insurance program — the first major reform to Social Security since 1983.
Speaker John Boehner — who resigns from Congress at the end of this week — told NBC News Monday that by pushing through the deal he was "cleaning out the barn."
