Agreement reached on $1 trln U.S. spending bill-Mikulski

WASHINGTON Mon Jan 13, 2014 6:19pm EST

WASHINGTON Jan 13 (Reuters) - Negotiators in the U.S. Congress have reached agreement on a $1 trillion spending bill for consideration this week in an effort to stave off another government shutdown until at least Sept. 30, Senate Appropriations Committee chairwoman Barbara Mikulski said on Monday.

The bill, which is expected to be filed at 8 p.m. EST (0100 GMT), eases some of the across-the-board "sequester" spending cuts by boosting spending on domestic and military programs during the 2014 fiscal year by $45 billion.

Mikulski told reporters that the measure will reverse planned military pension cuts for disabled veterans and does not contain any provision that blocks the implementation of "Obamacare" health insurance reforms.

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.