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Budget

Here's What's In the Budget Deal

The top line: $1.012 trillion.

(PAUL J. RICHARDS/AFP/Getty Images)

December 10, 2013

Here's something different: Congress has actually come to a bipartisan budget agreement. The budget team's leaders, Sen. Patty Murray, D-Wash., and Rep. Paul Ryan, R-Wisc., announced the deal Tuesday night.

Here are the big numbers you need to know, from a Senate Democratic aide:

  • It's a $1.012 trillion budget for fiscal year 2014.
  • $85 billion in total savings over ten years.
  • $63 billion in sequester relief over two years, split evenly between defense and non-defense budgets.
  • $23 billion in net deficit reduction over ten years.
  • Does not include unemployment insurance extension. Includes federal employee pension pay-ins.

Correction: A previous version of this story misstated the status of the pension pay-ins.

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