Budget deal headed to Obama for signature

The Senate early this morning voted 64-35 to send the bipartisan two-year budget deal to the White House for President Obama's signature.

Lawmakers adjourned at 3:15 a.m. after approving the measure, which will raise the national debt limit and lift the 2011 Budget Control Act spending caps by $80 billion over the next two fiscal years.

Passage of the bill came after Sen. Rand Paul (R-KY), a presidential candidate, tried unsuccessfully to block the deal by raising a procedural point of order.

Analysts have told Inside Defense the bill is a significant victory for the Defense Department.

Obama, who worked with Republicans and Democrats to reach an accord on the spending, is expected to sign the proposed Bipartisan Budget Act of 2015 into law as soon as possible.