House and Senate leaders plan to announce agreement on a $1.047 trillion stopgap spending bill to keep the U.S. government operating for six months after Sept. 30, second-ranking Senate Democrat Dick Durbin said today.
"We're close to an agreement," Durbin of Illinois said today in an interview. The measure may clear both chambers of Congress this week, he said.
Completing a six-month plan now would give leaders of both parties time to negotiate ways to avert $1.2 trillion in automatic spending cuts, known as sequestration, that are scheduled to begin taking effect in January.
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