US Congress, White House reach agreement on budget

  • The US Congress and the White House have reached an agreement to raise the debt limit and fix a budget for the next two years, the media reported on Tuesday. The Republicans from the House of Representatives late on Monday posted the 144-page agreement on the Congress's website. The agreement, which is yet to be passed in the House of Representatives, proposed a moderate increase in domestic and military spending, and cuts in social programs such as Medicare health program for the elderly, social security and disability benefits. (Source: IANS)