Two Year Budget Deal Reached

Published 12/11 2013 10:07AM

Updated 12/11 2013 10:09AM

(NBC News) Bipartisan congressional negotiators unveiled a long-awaited budget framework to fund the government past mid-January and stabilize the government's finances into the near future.

Republican Congressman Paul Ryan of Wisconsin and democratic Senator Patty Murray of Washington, the top lawmakers on budgetary issues in their respective chambers, announced a fiscal framework that would help eliminate the constant threat of a government shutdown under which lawmakers have worked for the better part of the last three years.

"I think this agreement is a clear improvement on the status quo," Ryan said.

"We have broken through the partisanship and gridlock and reached a bipartisan compromise that will prevent a government shutdown in January," Murray said at a joint press conference to announce the agreement.

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