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.