(CNN) -- President Barack Obama announced late Friday night that Democrats and Republicans have reached a budget deal that would avert a government shutdown.
Here is a running list of reactions:
President Barack Obama
"The government will be open for business. 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."
House Speaker John Boehner and Senate Majority Leader Harry Reid
"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."
House Minority Leader Nancy Pelosi
"President Obama and Leader Reid should be commended for their leadership and perseverance to keep the government open. The American people's top priority is creating jobs, and we will continue to measure every proposal by whether it creates jobs, strengthens the middle class and responsibly reduces the deficit."
Georgia Republican Rep. Tom Price
"With an agreement to keep the government open and then fully fund government for the remainder of the fiscal year, we will now hopefully be able to move beyond this current debate. We need to move forward and get to work on the much larger debate over how to cut trillions, not billions, in government spending and help make our economy more competitive."
Minnesota Rep. Michele Bachmann
"The deal that was reached tonight is a disappointment for me and for millions of Americans who expected $100 billion in cuts, who wanted to make sure their tax dollars stopped flowing to the nation's largest abortion provider, and who wanted us to defund ObamaCare. Instead, we've been asked to settle for $39 billion in cuts, even as we continue to fund Planned Parenthood and the implementation of ObamaCare."