Federal lawmakers reach deal on $1 trillion spending bill

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House and Senate negotiators “unveiled a $1.012 trillion bill to fund the federal government for the next eight and a half months, a compromise that marks a temporary cease-fire in the budget wars that have rocked Congress and the economy in recent years,” the Wall Street Journal reports.

“The compromise restores some of the funding cut last year from domestic programs such as the National Institutes of Health and Head Start, but keeps overall discretionary spending lower than when President Obama took office in 2009.”

The Hill: “The series of votes this week creates opportunities for disagreements that could lead to a shutdown, particularly given the secretive talks on the bill and the possibility that members of either party will object to spending provisions.”

Via The Political Wire.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.