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Wednesday, December 19, 2012

Congress agrees on $640.7B defense budget.

House and Senate negotiators yesterday reached a deal over a $640.7B defense budget for the current fiscal year, including $88.5B for operations in Afghanistan. However, the spending doesn't account for the automatic cuts that are due to take place if the fiscal cliff is not averted. The measures now need to be approved by the House and Senate before going to President Obama for his signature.

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