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House, Senate reach $1 trillion spending agreement to fund U.S. government

US Capitol Washington

WASHINGTON (CNN) –  Congressional leaders say they have reached an agreement on a $1 trillion spending bill that would fund the U.S. government through the end of the 2014 budget year.

In a joint statement, the Republican and Democratic leaders of the House and Senate Appropriations Committees said the bill “keeps the government open and eliminates the uncertainty and economic instability of stop-gap governing.”

They stressed that not everyone would like everything about the bill but added that a critical bill “cannot reflect the wants of only one party.”