Obama Signs Budget Deal Increasing Spending

Not much of a surprise

President Barack Obama has signed a bipartisan budget bill easing automatic spending cuts over two years, marking a modest end to a challenging year for the White House and Congress.

Obama signed the bill Thursday while vacationing in Hawaii. The deal reduces across-the-board cuts already scheduled to take effect, restoring about $63 billion over two years. It includes a projected $85 billion in other savings.