Obama Signs Bipartisan Budget Deal Easing Cuts

The president signed the bill while on vacation in Hawaii.

Posted: 12/26/2013 04:06 PM EST

HONOLULU (AP) — President Barack Obama has signed a bipartisan budget bill easing automatic spending cuts over two years, marking a modest end to a challenging year for the White House and Congress.

Obama signed the bill Thursday while vacationing in Hawaii. The deal reduces across-the-board cuts already scheduled to take effect, restoring about $63 billion over two years. It includes a projected $85 billion in other savings.

It's not the grand bargain that Obama and congressional Republicans once had wanted, but it ends the cycle of fiscal brinkmanship for now, by preventing another government shutdown for nearly two years.

The bill signing marks one of Obama's last official acts in a year beset by the partial government shutdown, a near-default by the Treasury, a calamitous health care rollout and near-perpetual congressional gridlock.

BET Politics - Your source for the latest news, photos and videos illuminating key issues and personalities in African-American political life, plus commentary from some of our liveliest voices. Click here to subscribe to our newsletter. 

(Photo: AP Photo/Carolyn Kaster)

Videos You May Like

Related Topics

From Our Partners