With just an hour to go before a midnight deadline, Democrats and Republicans reached a last-minute budget compromise tonight, averting a government shutdown that would have brought Washington to a standstill and furloughed hundreds of thousands of federal employees. The deal—which involves $39 billion in cuts but does not include a Republican provision to cut funding for Planned Parenthood—isn't final: congressional leaders now have five days to iron out the formal details. Crisis averted—for now! [NYT, CNN]