Bipartisan negotiators reach modest budget pact

Published December 11, 2013 1:13am ET



WASHINGTON (AP) — Shedding gridlock, key members of Congress reached a modest budget agreement Tuesday to restore about $63 billion in automatic spending cuts from programs ranging from parks to the Pentagon and eliminate the threat of another partial government shutdown early next year.

The increases would be offset by a variety of spending reductions and higher fees elsewhere in the budget totaling about $85 billion over a decade, enough for a largely symbolic cut of more than $20 billion in the nation’s debt, now $17 trillion and growing.

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