"We have a bipartisan agreement that makes sure that the debt ceiling is increased, that we make good on our debt and our debt service, and it paves the way to fund the government this year and next," Boehner stated.
Earlier on Tuesday, media reported US congressional leaders and the White House came to a preliminary agreement that would continue the funding of the US government and extend the federal debt limit.
"And the fact is that this will make it easier for the entire Congress for the balance of this year, and it will make next year a whole lot smoother for the Congress as well," Boehner said.
Boehner noted the chances that a problem would prevent the deal from being implemented are zero.
"It’s going to pass with a bipartisan majority, and I’ll be really happy," Boehner concluded.
The agreement, which must be approved by the House of Representatives and the Senate, will provide $80 billion in sequester relief for two years, to be equally divided between military and other public expenditure.
The White House had urged Congress earlier to update the 2016 budget by using the "dollar for dollar" principle through which military expenditures could not be increased without increasing funds for other relevant areas.
