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Lawmakers Strike Major Budget Deal
Bipartisan congressional leaders and the White House struck a major fiscal deal on principle Monday that would raise the debt ceiling and lift budget caps on both defense and domestic programs, according to congressional sources familiar with the deal. The agreement could be voted on as early as Wednesday, the same day House Republicans are expected to nominate Rep. Paul Ryan, R-Wisconsin, to replace retiring Rep. John Boehner, R-Ohio, as House speaker.