US congressional leaders and business groups raced to rally support yesterday for a bipartisan budget deal designed to provide stability to America’s fiscal policy for the next two years and spur recovery.
The high-stakes agreement sealed on Tuesday night by Patty Murray and Paul Ryan, the Democratic and Republican budget negotiators, will be taken up by the House of Representatives as soon as today, to be followed by the Senate.
Economists welcomed the deal, suggesting it raised the chances that the US Federal Reserve could begin its “tapering” of asset purchases as early as next week.
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