Deal reached to avoid government shutdown

Associated Press
WASHINGTON -- Perilously close to a government shutdown, President Barack Obama and congressional leaders forged agreement late Friday night on a deal to cut about $38 billion in federal spending and avert the first closure in 15 years.
Obama hailed the deal, a bit more than an hour before a midnight deadline, as "the biggest annual spending cut in history," and House Speaker John Boehner said that over the next decade it would

Read more ...