Washington Post's Dan Balz reports:

As the midnight Friday deadline loomed for a possible government shutdown, and politicians continued their rhetorical war of words, a larger message went out to the rest of the country: Washington is still broken...

Both sides agree that this should have been an easy battle, or the battle that never occurred. Instead, Democrats and Republicans took the country — and government workers — to the brink, exposing vulnerabilities that will shape future negotiations and, depending on the result, the next election.

“This is all just leading to 2012 and what is going to be a seismic election,” said Ed Gillespie, former chairman of the Republican National Committee.

Read more here.

The Wall Street Journal reports:

Leaders of the small-government, tea-party movement are generally giving House Speaker John Boehner high marks for his leadership in the spending showdown, even though the agreement eventually reached Friday night fell short of the cuts the tea party once demanded.

The relationship between the Republican leadership and these activists is one of the most important determinants of how this Congress will manage the fiscal fights to come.

Read more here.

HuffPost's Elise Foley and Sam Stein:

As House Speaker John Boehner (R-Ohio) briefed his conference on the broad strokes of a government funding bill, aides behind the scenes were still hammering out actual language and details, reaching a deal at about 10:30 p.m., a senior Senate leadership aide told reporters.

The aide said negotiators from the House Republicans, Senate Democrats and the White House met for a final time Friday evening, finally agreeing to a figure of roughly $38 billion. Each side made some final concessions: Democrats agreed to add half a billion dollars in additional cuts to mandatory spending, while Republicans agreed that no language related to Planned Parenthood and Title X funding would be in the short-term funding bill.

They finished negotiations only an hour and a half before government funding expired. If one chamber had not moved by about 11 p.m., the government would have begun to shut down, the aide said.

Full story here.

HuffPost's Elise Foley and Jon Ward:

Rep. Heath Shuler (D-N.C.), a leader of the Blue Dog Caucus whose votes were crucial to passage of a previous stopgap measure that was opposed by 54 conservative freshmen, said he thought the extension through Sept. 30 would pass with a similar mix of yes votes from conservative Democrats to make up for opposition from the most hardline fiscal hawks in the GOP.

"You're probably looking at something similar," Shuler, who said he will support the measure, told HuffPost on his way out of the House chamber after midnight.

"It's up to each individual, but I think you move forward, move on to the bigger things at hand," he added.

The vote on the six-day stopgap was an indicator on where opposition to the longer-term measure would come from, and it was not alarming to Republican leaders. The 70 votes against it came mostly from liberal Democrats, with only a few conservative Republicans voting nay: Reps. Louie Gohmert (Texas), Michele Bachmann (Minn.), Justin Amash (Mich.), Mick Mulvaney (S.C.), Thaddeus McCotter (Mich.), Joe Barton (Texas) and Jason Chaffetz (Utah).

As the vote wound down, House Majority Leader Eric Cantor (R-Va.) and House Minority Whip Steny Hoyer (D-Md.) sat next to one another in the chamber, talking and looking friendly and relaxed. Cantor then went and conferred with Majority Whip Kevin McCarthy (R-Calif.), standing and looking up to scour the vote board on the wall displaying how every one of the 435 members had voted on the stopgap.

HuffPost's Sam Stein reports:

House Speaker John Boehner’s (R-Ohio) office has distributed a fact sheet outlining the policy and other victories Republican leaders are claiming in the final budget deal struck with the White House and Senate Democrats late Friday night.

In addition to the spending cuts, the document from the Speaker's office noted that the bill denies funding President Barack Obama had sought for additional Internal Revenue Service agents, guarantees an up-or-down Senate vote on stripping federal subsidies from Planned Parenthood and outlaws the use of federal money for abortion services in the District of Columbia.

The biggest gains that Boehner made in the continuing resolution's language, however, may be in combating the two major pieces of legislation passed by the president during his first two years in office. According to the fact sheet, the CR requires mandatory audits of the Consumer Financial Protection Bureau created under the Dodd-Frank financial-regulatory law. The audits will be conducted both by members of the private sector and by the Government Accountability Office “to monitor its impact on the economy, including its impact on jobs, by examining whether sound cost-benefit analyses are being used with rulemakings,” Boehner's staff wrote.

The budget bill also ensures that the Senate will vote on repealing Obama's signature health care law. That vote won't pass. More troublesome for the White House, however, may be the deal's mandated "numerous studies that will force the Obama Administration to reveal the true impact of the law’s mandates, including a study of how individuals and families will see increased premiums as a result of certain Obamacare mandates; a full audit of all the waivers that the Obama Administration has given to firms and organizations -- including unions -- who can't meet the new annual coverage limits; a full audit of what's happening with the comparative effectiveness research funding that was in Obamacare and the president’s failed 'stimulus' spending bill; and a report on all of the contractors who have been hired to implement the law and the costs to taxpayers of such contracts."

HuffPost's Jon Ward reports:

Rep. Andy Harris (R-Md.) told The Huffington Post on his way into the House chamber to vote on the weeklong stopgap budget bill that he is "leaning against" voting for the longer-term budget resolution "because the cuts are inadequate."

He also said of the controversial abortion provision: "We're told the ban on D.C. funding is in" the provision that would extend government operations through the end of the fiscal year.

HuffPost's Sam Stein reports:

Speaking moments after a budget deal was announced, President Barack Obama hailed the compromise to avert a government shutdown as an important, if painful, breakthrough.

With the Washington Monument as a backdrop, the president said business would continue as usual in Washington. In his brief remarks, Obama sought mostly to sell the public on the tenets of the deal, adopting an almost Tea Party-like zeal for budgetary belt-tightening while noting that social issues had been removed from the debate.

This was, Obama said, the “largest annual spending cut in our history.”

“Both sides had to make tough decisions and give ground on issues that were important to them, and I certainly did that,” said Obama. “Some of the cuts we agreed to will be painful … I would not have made these cuts in better circumstances, but beginning to live within our means is the only way to protect those investments … we need to win the future.”

HuffPost's Ryan Grim reports:

Senate Minority Leader Mitch McConnell (R-Ky.) used his floor time to warn Democrats that the GOP would call for much deeper cuts when the time came, in the next few weeks, to raise the federal government's debt ceiling. Failure to do so would have consequences that would pale in comparison to shutting down the government. "This is an important step, but just the beginning," McConnell said.

HuffPost's Jon Ward reports:

House Speaker John Boehner's (R-Ohio) office has confirmed $2 billion in federal spending cuts within the week-long stopgap budget and $36.5 billion in cuts within the longer-term continuing resolution that will keep the government running through Sept. 30.

HuffPost's Elise Foley reports:

Rep. Jim Jordan, who leads the conservative Republican Study Committee, told HuffPost he does not think House Speaker and fellow Ohioan John Boehner will be able to pass the final funding deal through the House without votes from Democrats.

Boehner would need 218 Republican votes to pass the House majority threshold, which he said earlier this week was his goal. But given the concessions in the final deal, that may be impossible.

"218 Republicans? I don't think so," Jordan said.

Within the Republican Study Committee, where many members have said they would vote down any bill that did not include riders to strip federal funds from Planned Parenthood or health care reform, Jordan predicted mixed support.

"You're going to see a significant number of Republican Study Committee members vote for the deal, and you're going to see a significant number vote against the deal," he said.

HuffPost's Elise Foley reports:

The impending government shutdown will be averted, House Speaker John Boehner (R-Ohio) said after meeting with his conference.

Boehner said a deal has been reached and a "bridge continuing resolution passed tonight to ensure the government's open" through next week. That resolution, he said, will include $2 billion in spending cuts, though he did not confirm additional details of the deal.

"As you all know, this has been a lot of discussion and a long fight," Boehner said, maintaining the public GOP stance that the fight has been mostly about total budget outlays. "We fought to keep the government spending down because it really will help to create a better environment for job creators in our country."

House Oversight Chairman Darrell Issa (R-Calif.) confirmed to reporters that a deal had been reached on a short-term continuing resolution to extend funding until next week and a long-term deal for the remainder of the fiscal year, which ends Sept. 30.

Issa said the agreement involved the Senate holding up-or-down votes on a few contentious issues, such as the inclusion of riders that would strip federal funds from Planned Parenthood and last year's health care reform law.

"The deal for a vote is all we can ask for in a democracy," Issa said.

The short-term bill will also block federal funds for abortion in the District of Columbia and fund U.S. troop operations for the rest of the fiscal year.

The long-term deal includes a number of riders included in H.R. 1, the budget bill passed by the House in February that was later squelched in the Senate, Issa said.

"The speaker ticked off more items than most people remember," Issa said.

Senate Majority Leader Harry Reid and House Speaker John Boehner released the following joint statement regarding a budget agreement reached tonight:

"We have agreed to an historic amount of cuts for the remainder of this fiscal year, as well as a short-term bridge that will give us time to avoid a shutdown while we get that agreement through both houses and to the President. We will cut $78.5 billion below the President’s 2011 budget proposal, and we have reached an agreement on the policy riders. In the meantime, we will pass a short-term resolution to keep the government running through Thursday. That short-term bridge will cut the first $2 billion of the total savings."

Obama, speaking from the White House: "Behind me, through the window, you can see the Washington Monument, visited each year by hundreds of thousands from around the world. ... Tomorrow, I'm pleased to announce that the Washington Monument, as well as the entire federal government, will be open for business."

Read Obama's complete remarks:

Good evening. Behind me, through the window, you can see the Washington Monument, visited each year by hundreds of thousands from around the world. The people who travel here come to learn about our history and to be inspired by the example of our democracy -- a place where citizens of different backgrounds and beliefs can still come together as one nation.

Tomorrow, I’m pleased to announce that the Washington Monument, as well as the entire federal government, will be open for business. And that's because today Americans of different beliefs came together again.

In the final hours before our government would have been forced to shut down, leaders in both parties reached an agreement that will allow our small businesses to get the loans they need, our families to get the mortgages they applied for, and hundreds of thousands of Americans to show up at work and take home their paychecks on time, including our brave men and women in uniform.

This agreement between Democrats and Republicans, on behalf of all Americans, is on a budget that invests in our future while making the largest annual spending cut in our history. Like any worthwhile compromise, both sides had to make tough decisions and give ground on issues that were important to them. And I certainly did that.

Some of the cuts we agreed to will be painful. Programs people rely on will be cut back. Needed infrastructure projects will be delayed. And I would not have made these cuts in better circumstances.

But beginning to live within our means is the only way to protect those investments that will help America compete for new jobs -- investments in our kids’ education and student loans; in clean energy and life-saving medical research. We protected the investments we need to win the future.

At the same time, we also made sure that at the end of the day, this was a debate about spending cuts, not social issues like women’s health and the protection of our air and water. These are important issues that deserve discussion, just not during a debate about our budget.

I want to think Speaker Boehner and Senator Reid for their leadership and their dedication during this process. A few months ago, I was able to sign a tax cut for American families because both parties worked through their differences and found common ground. Now the same cooperation will make possible the biggest annual spending cut in history, and it’s my sincere hope that we can continue to come together as we face the many difficult challenges that lie ahead, from creating jobs and growing our economy to educating our children and reducing our deficit. That's what the American people expect us to do. That's why they sent us here.

A few days ago, I received a letter from a mother in Longmont, Colorado. Over the year, her son’s eighth grade class saved up money and worked on projects so that next week they could take a class trip to Washington, D.C. They even have an appointment to lay a wreath on the Tomb of the Unknown Soldier.

The mother wrote that for the last few days the kids in her son’s class had been worried and upset that they might have to cancel their trip because of a shutdown. She asked those of us in Washington to get past our petty grievances and make things right. And she said, “Remember, the future of this country is not for us. It’s for our children.”

Today we acted on behalf of our children’s future. And next week, when 50 eighth graders from Colorado arrive in our nation’s capital, I hope they get a chance to look up at the Washington Monument and feel the sense of pride and possibility that defines America -- a land of many that has always found a way to move forward as one.

Thank you.

HuffPost's Jon Ward reports that the office of House Speaker John Boehner (R-Ohio) has relayed the long-term deal includes $38.5 billion worth of cuts, not $39 billion.

HuffPost's Jack Mirkinson reports that Lawrence O'Donnell mounted a highly emotional and personal defense of Planned Parenthood on his Friday show:

O'Donnell then turned to an email which he said came from a friend of his who used Planned Parenthood. He read the email out from his Blackberry, and as he did so, his hands, and his voice, started shaking with emotion. The friend's email recounted her dire financial straits and history of medical illnesses. Planned Parenthood, she wrote, was the place she went for her mammograms, her birth control and her cancer screenings.

"It's terrifying to think that with lack of funds, millions of women would not have access to this kind of care," the friend wrote.

"I can't imagine what I would do without Planned Parenthood. Talking about what they do is part of your job right now...please yell some sense into these people."

As O'Donnell said those last words, his voice broke perceptibly, and he then dropped the blackberry shaking in his hands, and turned away from the camera.

Watch the video here.

As John Boehner presents the deal to the GOP caucus, The Hill reports that because of the rules of the House and Senate, a rogue lawmaker could still trigger a government shutdown even if the majority agree to a deal:

With little more than 2 hours before the midnight deadline, House and Senate leaders will need to pass some type of funding measure by unanimous consent to avert a shutdown.

If one legislator balks, the government will shutter.

Read more here.