House Republicans, President Obama and Senate Democrats have finally agreed to a late budget for fiscal year 2011. It will cut over $39 billion, which was more than what Democrats were willing to discuss one week ago, but significantly less than the GOP's proposed $61 billion.
The Senate has already passed a short stopgap measure that will cut $2 billion in spending, and it is on the way to the House to end the long expected government shutdown sometime tomorrow morning, but probably long before sunrise.
Whoa!
A simpler and more accurate headline would have been "Boehner and Republicans Punk Out."
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