The Senate budget stuck closely to last year's balanced-budget agreement and held tax cuts to an additional $30 billion over five years.
Medicare is in for some big cuts under the balanced-budget agreement that was reached last week.
Next to the summer's balanced-budget agreement, the trade bill has been considered the most significant battle of this session of Congress.
At the same time, I was working on the balanced-budget agreement with Congress.
Congressional leaders plan to bundle all these requests into one emergency spending bill that would not be covered under the balanced-budget agreement.
The overarching purpose of a balanced-budget agreement is, presumably, to balance the budget.
The conservatives are most concerned about breaking the spending caps set in last year's balanced-budget agreement.
The planning for the speech began months ago, right after the political high point of his second term - the balanced-budget agreement with Congress.
Still, he said, negotiations could produce a balanced-budget agreement "within six weeks or so."
A similar provision was enacted into law this summer as part of the balanced-budget agreement.