The Senate cleared a bipartisan budget and debt limit accord early Friday morning which would send the legislation to the President’s desk. Roughly 72 hours after it was unveiled and buying roughly two years of relative budgetary stability after months of partisan sniping on spending, the Senate passed HR1314 shortly after 3 am. The House passed the measure Wednesday evening.
Just after 3 am, the upper chamber passed the deal by a vote of 64-35, roughly 90 minutes after voting to cut off debate on the legislation. Eighteen Republicans voted in favor of final passage, including Senate GOP Leadership, while 35 Republicans voted against the measure. Forty-four Democrats and two independent senators who conference with Democrats backed the package. See the vote total here.
The budget deal would raise discretionary spending caps for defense and nondefense accounts by $80 billion above the sequester level for fiscal 2016 and fiscal 2017 and suspend the debt limit until March 15, 2017. The increased discretionary spending is offset with cuts to various entitlement programs and revenue raisers.