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| US budget deal agreed in Congress | |
| (35 minutes later) | |
| A cross-party Congressional budget committee convened after an October government shutdown has reached an agreement to fund federal services. | |
| The deal finances the government for two years and reduces the federal deficit by $23b (£14b). | |
| It also avoids automatically triggering another government shutdown on 15 January. | |
| It "cuts spending in a smarter way," Republican Congressman Paul Ryan said on Tuesday. | |
| The budget deal also offsets $63b in previously enacted automatic military and domestic spending cuts triggered in January when Democrats and Republicans failed to reach a budget compromise. | |
| Mr Ryan and Democratic Senator Patty Murray, the respective chairs of the House and Senate budget committees, were called on to reach a cross-party budget deal in the wake of a partial government shutdown over federal spending in October. | |
| "We have broken through the partisanship and gridlock," Ms Murray said of the new deal. | |
| Mr Ryan said he was optimistic the new budget agreement could pass both sides of the highly politically divided Congress. |