Investing.com - The U.S. Congress managed to pass a two-year budget agreement early Friday, ending a brief partial government shutdown that began at midnight when lawmakers missed a funding deadline.
The agreement will boost federal spending by almost $300 billion and suspend the debt ceiling for a year.
After an initial approval in the Senate with 71 in favor and 28 against, the House also pushed the bill through in a 240-186 vote.
The measure now goes to the White House for President Donald Trump’s signature. Trump had already promised to sign any proposal that was passed by the Congress.
The bill had been blocked from voting before Thursday’s midnight deadline by objections from Republican Senator Rand Paul over the huge spending increases.