DEVELOPING: Senate Closing In On A Two-Year Budget Deal

Senate leaders are close to a two-year budget deal that would avert a government shutdown, Senate Democratic Leader Charles Schumer (N.Y.) announced Tuesday.

The deal would set spending levels for fiscal 2018 and 2019 and avoid the prospect of a government shutdown when a stopgap spending measure expires on Thursday.

“There are still some outstanding issues to be resolved, but we are closer to an agreement than we have ever been,” Schumer announced on the Senate floor.

He met with Senate Majority Leader Mitch McConnell (R-Ky.) in McConnell’s office Tuesday morning and an aide familiar with the meeting said both leaders were pleased with the progress made.

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