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Washington, DC 20001
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This bill was the vehicle for the budget agreement that will spend $80 billion beyond the Budget Control Act caps over two years, along with $16 billion in new defense spending that doesn't count towards the caps. The supposed offsets to this spending are mostly either gimmicks or long-term, while the new deficit spending is immediate. The bill also suspends the debt ceiling through March of 2017, effectively giving the government a blank check for that period.