After weeks of back and forth negotiations, congressional
Republicans and Democrats have finally struck a deal on a $1.1 trillion
dollar spending bill, legislation that would avert a government shutdown
and fund government through October of 2016.
House Speaker Paul Ryan, R-Wi., announced the
deal on the package, called the Omnibus, to House Republicans during a
closed door conference meeting Tuesday night.
A major tax extender package to renew dozens of expiring tax breaks was also agreed upon — about $750 billion in breaks in all — with some tax breaks lasting just two years while others will be permanent.
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