WASHINGTON, D.C. (WNAX) – White House and Congressional negotiators reached agreement on a two-year budget deal that raises spending by $320 billion over spending caps and raises the debt limit.

South Dakota Senator John Thune says it’s the best deal that could be made.

Thune says each side has its priorities.

Thune says he will reluctantly support the deal.

The federal deficit for this year is now at $747 billion, a 23 percent increase from a year ago and the federal debt has ballooned to $22 trillion.