Congress reaches year-end deal on taxes and spending

December 16, 2015 4:50 AM

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Congress reaches year-end deal on taxes and spending

Congressional leaders on Tuesday night reached agreement on a year-end spending and tax deal that would prevent a government shutdown and extend a series of tax breaks that benefit businesses and individuals, according to lawmakers.

House Speaker Paul D. Ryan (R-Wis.) walked members of the House GOP conference through the deal at a meeting Tuesday night.

Also read: U.S. Lawmakers Reach Deal on New Sanctions Against Russia

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