Washington (cnn) --Democrats and Republicans narrowly avoided a partial closure of the Federal Government on Friday evening, to agree on a budget agreement and an extension of funding in the short term little more of an hour before the clock has struck midnight, and the time failed.
The new extension of funding, which reduces spending $ 2 billion, will be the last through next Friday, April 15.
The Senate immediately passed the extension on a voice vote. The House of representatives was followed early Saturday morning.
A senior White House official told CNN that President Barack Obama should sign short-term continuing resolution into law later Saturday.
And administration and Congress officials indicated that there would no is set aside by Government funding.
"The Government will be open for business," said Obama.
"The two parties reached an agreement that will allow our small businesses obtain loans that they need, our families to obtain mortgages, they asked, and hundreds of thousands of Americans to show the work and take away their paychecks on time".
Negotiators capped days of frenetic unexpected talks and public recriminations in agreeing on a framework for a package of $ 38.5 billion in spending cuts covering the rest of the fiscal year, which expires September 30. The budget agreement must still pass in both houses, with the hope that legislators he would approve and the President will be the sign before the expiry of the measurement of short-term funding.
The House is expected to given market budget Monday, with a vote scheduled for Wednesday. The Senate would take the Bill at some point after that, said spokesman Jon Summers of Senate Majority Leader Harry Reid Office.
Republicans, reinforced by their capture of the House of representatives to the last November elections mid-term, had pushed at the outset to $ 61 billion in cuts.
A GOP push to strip 317 million in federal funding of family planning has failed. Democrats also turned back Republican attempts to federal money being set aside for family planning and the health of women, transformed block grants to States.
Such an approach would have governors and state legislatures more capacity to cut funding for services is opposed by the conservatives.
Sources told CNN, however, that the leaders of the Senate under democratic control agreed to hold separate votes on two measures, as well as an initiative to repeal Obama review health care.
Obama welcomed the agreement, calling the cuts "painful" but necessary for the economic future of the country.
This "is what the American people have expected", the President said in the White House. "This is why they sent us here."
He has also praised the bipartisan agreement as a model of cooperation.
"As interesting compromise, both parties had to make difficult decisions and to give ground on issues that were important to them," he said.
"This has been much discussion and a long struggle," said House Chairman John Boehner, R-Ohio. Republicans fought to "create a better environment for the creators of jobs in our country."
The Senate Leader of the majority Harry Reid, D-Nevada, called the deal "difficult but important to the country."
Nevertheless, talks down-to-the-wire furious portend even more difficult series of negotiations in Congress resumes an increase in the ceiling of the debt of the country and the year 2012 budget in the coming months.
If the negotiations failed, approximately 800,000 government workers would have handed. A range of government services would have come to halt.
Earlier in the week, Obama pointed out that the mechanism of government operations closure had already begun. The inability of the agreement would undermine federal workers, people who rely on government services and wider economic recovery of the nation, he warned.
"For us to go back because Washington could not get its act together is unacceptable, the President said." ".
High aid from both sides of the aisle had seemed more resigned to the prospect of a closure. Staff of the Congress began to receive their notice of seniority Thursday afternoon.
Agreement on Friday to cut expenses $ 38.5 billion comes from two extensions previous funding that included the $ 10 billion in cuts.
Republicans, under pressure from the conservative movement party of tea to reduce the size of the Government, blame Democrats for not having to pass a fiscal year 2011 budget last year when they controlled the Senate and the House. They also say Obama and his party is ignoring the Federal risk in increasing deficits and national debt.
Democrats call the $ 61 billion in reductions driven initially by the extreme Republicans and support reductions of this scale would have harmed the economic recovery while damaging programs essential innovation in the pursuit of growth and education.
The rope steep budget showed the politics of the situation, with both parties trying to portray the other as not prepared to do what is good for the country.
It has also shown the enormous gap between the two parties on social issues.
Democrats, said the Republican drive to defund for family planning is the GOP is fixated on abortion and other issues related to the health of women. Republicans insisted on several occasions that the size of spending cuts has been the main cause of the conflict, these days.Dana Bash of CNN, Deirdre Walsh, Ted Barrett, John King, Kate Bolduan, Brianna Keilar, Terry Frieden, Ed Henry, Dan Lothian and Tom Cohen contributed to this report.
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