10:06 GMT24 January 2021
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    The US Congress should pass the two-year budget act reached earlier this week in a compromise between President Barack Obama and congressional leaders, the White House said in a press release.

    WASHINGTON (Sputnik) — The 2016 Bipartisan Budget Act would increase federal discretionary spending on military and domestic programs by $80 billion over two years. It also increases the US federal borrowing limit, or the debt ceiling, through March 2017.

    "The [Obama] administration urges the Congress to pass this bipartisan agreement and looks forward to working with the Congress to enact responsible, full-year FY [fiscal year] 2016 appropriations," the White House said on Wednesday.

    The compromise bill was reached late on Monday night after weeks of negotiations between members of Congress and the White House.

    A vote on the compromise bill is expected before November 3, the date the United States is set to exceed its debt limit.

    budget, US Congress
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