Deal Made To Avert Government Shutdown
[the] budget framework…would cap 2011 appropriations near or below $1.050 trillion while cutting domestic and foreign aid by more than $40 billion from the rate of spending at the beginning of this Congress.
House Speaker John Boehner was able to bring to his caucus news of deep cuts.
Republicans said the deal called for $39 billion in spending cuts, a measure that one official said Boehner told his rank and file marked the “largest real-dollar spending cut in American history.”
Over a decade, the agreement would cut more than $500 billion from the federal budget, Boehner added, according to a participant in the meeting.
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