Representatives of two most numerous parties in the U.S. representing the parliamentary majority, agreed on the major points of the main financial document. The U.S. Congress reached consensus — Republicans and Democrats approved the federal budget. The government is reported to have cut ease $63 billion in spending cuts as well as reduce the budget deficit by $23 billion. Senator Patty Murray, a Washington Democrat, said the solution is temporary and cannot solve main problems existing in the country. The budget deal does not include tax increases and extension of unemployment benefits. But despite all this, all people realize the importance of this decision. President Barack Obama has signaled his support for the plan worked out by the budget committee leaders saying that this is an important first step, despite the fact that it does not contain all the things needed. However, according to him, that is the essence of compromise.
It worth mentioning that debate between representatives of different parties led to the temporary shutdown of the government. The main controversial issue was the abolition of Obama's healthcare reform introduced by the President and Democrats. Now Congress may prevent potential shutdown in the middle of January or at the beginning of the next financial year. According to experts at Standard & Poor's, shutdown took $24 billion out of the U.S. economy.
