A two-year bipartisan budget deal backed by congressional leaders and the White House is expected to go up for a vote in the GOP-led House on Wednesday.
The budget plan would raise the debt limit until March 2017, ease sequestration to boost defense and non-defense spending by a total of $80 billion and prevent potential government shutdowns this year and in 2016. The proposal calls for spending reductions in other areas of the budget, including Medicare payments to doctors and hospitals.
A vote on the budget deal is planned for Wednesday, when Republicans are expected to nominate U.S. Rep. Paul Ryan (R-WI,1) as the next House speaker.
The two-year budget deal is part of current House Speaker John Boehner's (R-OH,8) effort to "clean out the barn" before he retires at the end of the month.
House conservatives have voiced opposition to the two-year budget deal, but many Democrats are expected to back the fiscal plan.
"We successfully secured equal increases in funding defense and non-defense priorities," House Democratic Leader Nancy Pelosi (D-CA,12) stated, according to the Associated Press. "We have extended the solvency of Social Security Disability Insurance and protected millions of seniors from a significant increase in their Medicare Part B premiums and deductibles next year. Most importantly, we have affirmed that the full faith and credit of the United States is non-negotiable and inviolable."