POLITICO Breaking News: House passes sweeping budget, debt ceiling deal

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The House passed an $80 billion budget deal on Wednesday that increases spending caps for two years and raises the debt limit until March 2017. Republican leaders were able to rally enough GOP lawmakers, with a strong assist from Democrats, to pass the bill over the objections of hardline conservatives.

The Senate is expected to clear the measure, which would effectively draw to a close the era of budget battles that helped define President Barack Obama's relationship with Congress.

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