A bipartisan budget deal announced in the U.S. Congress on Tuesday, though modest in its spending cuts, would end three years of impasse and fiscal instability in Washington that culminated in October with a partial government shutdown.
While praised by the Republican leadership of the U.S. House of Representatives, including Speaker John Boehner and Majority Leader Eric Cantor, the agreement faces a challenge from some House conservatives and will require support of the minority Democrats to pass.
The backing of President Barack Obama, who also hailed the agreement as "a good first step," should help round up votes of his fellow Democrats. He urged Congress to quickly pass it.
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