WASHINGTON — The Senate passed a budget agreement Wednesday, which will help avoid another federal government shutdown but also extend by two years the cuts to the federal subsidy payments that municipal issuers receive for Build America Bonds and other direct-pay bonds.

The Senate passed the Bipartisan Budget Act of 2013 by a vote of 64 to 36. The vote comes after the House voted 332 to 94 in favor of the bill last week. The measure now heads to President Obama for his signature.

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