Shortly after the U.S. House of Representatives passed a two-year budget deal, the Senate passed the Bipartisan Budget Act of 2013 (H.J. Res. 59). This marks the first complete federal budget to be signed into law since 1997.

The compromise was crafted by House Budget Chairman Paul Ryan (R-WI) and Senate Budget Chairwoman Patty Murray (D-WA) and sets the overall discretionary spending for Fiscal Year (FY) 2014 at $1.012 trillion. This is halfway between the Senate proposed budget level of $1.058 trillion and the House proposed budget level of $967 billion. The measure sets the spending level for FY 2015 at $1.014 trillion. The agreement also provides $63 billion in sequester relief over two years, split evenly between defense and non-defense programs.