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Budget Control Act of 2011

House GOP leaders reach budget deal with Obama White House

House GOP leaders struck a budget deal made with the White House just before midnight Monday aimed at averting a government shutdown and forestalling a debt crisis.

Speaker John Boehner is making one final appeal to restive Republicans: Pass the hard-won agreement with President Barack Obama before Rep. Paul Ryan assumes the speaker's job later this week. But he encountered immediate resistance when he laid out the plan Monday night. His plan is for members to vote on the deal Wednesday.

The budget pact, in concert with a must-pass increase in the federal borrowing limit, would solve the thorniest issues awaiting Ryan, who is set to be elected speaker on Thursday.