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Republicans and Democrats agree on bi-partisan budget

You may not believe this but two lawmakers on Capitol Hill, a key Republican and Democrat, have actually agreed on something - a bi-partisan budget.

If the deal holds, and there's hope it will, we wouldn't have to suffer through another government shutdown for two years. Tahman Bradley tells us the other problems this deal would fix.

Lawmakers reached a budget deal that would avoid another government shutdown. House Budget Chairman Paul Ryan, a Republican, and Senate Budget Chairwoman Patty Murray, a Democrat, brokered the agreement.

"This agreement makes sure we don't have a government shutdown scenario in January," said Rep. Paul Ryan.

"Because of this deal the budget process can now stop lurching from crisis to crisis," said Sen. Patty Murray.

If approved, the deal would raise military and domestic spending to slightly beyond $1 trillion over the next two years. While eliminating about $65 billion in the across-the-board spending cuts,
known as the sequester. Taxes would not go up. Instead the plan raises fees on some airline tickets.

"I see this agreement as a step in the right direction in divided government, you don't always get what you want," Ryan said.

The deal is not certain to pass either the House or Senate. Republicans don't like the spending increases. And Democrats are unhappy the deal does not extend the federal unemployment benefits set to expire this month.

In a statement, President Obama applauded the deal saying,

"This agreement doesn't include everything I'd like. But it's a good sign that Democrats and Republicans in Congress were able to come together."

The Ryan-Murray deal does not raise the debt ceiling. Congress must address that in the Spring.

The house is scheduled to take up the deal this week, followed by the Senate likely next week.