President Barack Obama signed a bipartisan budget deal Monday that suspends the debt limit through March 2017 and increases spending levels by $80 billion until September 2017, The Hill reported Monday.
Jordan Fabian writes the signed budget plan comes a day before the Tuesday deadline to avoid a federal default on debt.
“Democrats and Republicans came together to set up a responsible, long-term budget process, and what we now see is a budget that reflects our values, that grows our economy, creates jobs [and] keeps America safe,â€Â Obama said.
David Jackson also reports on USA Today that the bill would prevent possible government shutdowns in the next two years.
Departing House Speaker John Boehner (R-Ohio) moved to propose the budget plan to prevent a breach in the debt limit, which he said could affect the country’s credit rating, according to the report.
