House and Senate leaders are close to finalizing a temporary spending deal that would prevent a big fiscal fight among lawmakers before the November elections, The Washington Post reported.
The Post says congressional leaders are ready to agree on a proposed government spending plan for the first half of 2013. The plan is designed to ensure the government remains up and running through the first half of the next fiscal year. The plan is considered a concerted effort among Congressional lawmakers to prevent a government shutdown right before the 2012 elections.
The proposed deal stipulates that agency spending during the first half of the year will not rise at a pace that exceeds $1.047 trillion, the Washington Post said.
The agreement could be announced as early as Tuesday.
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