Last night, the House of Representatives voted 332 to 94 to approve the Murray-Ryan budget deal. One hundred and sixty nine Republican House members voted in favor of the plan, and only 62 voted against it, but the future of this legislation is not quite as certain in the U.S. Senate.

Last night, Republicans in the U.S. Senate stayed up all night to delay a vote on a federal appeals court judge. The vote to approve Judge Nina Pillard happened at 1am, and several other nominations will be considered before the upper chamber leaves for vacation next week.

House and Senate negotiators have reached a deal that could prevent the next government shutdown, but don't start celebrating just yet. Tuesday night, Senator Patty Murray and Congressman Paul Ryan announced an $85 billion dollar budget agreement.

Regulators want to start making banking boring again. Today, five different regulatory agencies are expected to adopt the Volcker Rule, which would redraw a line between regular banking and Wall Street gambling. The rule is one of the centerpieces of the Dodd-Frank Wall Street Reform Act, and it is seen as a litmus test for the overall strength of the financial reform law.