House Leadership Clinches Budget Deal

After five years of bitter clashes, Republican congressional leaders and President Obama on Monday night appeared to settle their last budget fight by reaching a tentative deal that would modestly increase spending over the next two years, cut some social programs, and raise the federal borrowing limit.

Just days before the election of a new speaker of the House, lame-duck Speaker John Boehner, R-Ohio, made good on one last promise — that he'd try to "clear the barn" for his successor.