US budget deal reached: Officials
By Li Hongmei
Congressional negotiators reached a deal Tuesday on US federal spending, budget officials said, which if passed by lawmakers would avoid a disastrous repeat of a government shutdown that paralyzed Washington.
Sources say the 2014-2015 budget agreement, brokered by Senate Democrat Patty Murray and House Republican Paul Ryan in weeks of closed-door negotiations, sets the new annual budget caps at about US$1 trillion.