BUSINESS DAILY - US budget aims to prevent another government shutdown

Democrats and Republicans have agreed a draft budget which will fund the US government until September 2015. The $85 billion plan will see the deficit reduced by about $23 billion, but it doesn’t tackle some of the more politically sensitive issues like taxation. Meanwhile, regulators in the US have signed off on the so-called "Volcker rule", which aims to reduce the risks big banks can take.

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