10 things you need to know today: December 12, 2014

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(Image credit: (Win McNamee/Getty Images))

1. House approves spending deal, preventing a shutdown

The House narrowly approved a $1.1 trillion spending bill on Thursday, just hours before a midnight deadline. The Senate passed a two-day extension so it would have time to approve the package, which funds most of the government through the fiscal year, without the threat of a government shutdown. House Democrats nearly derailed the deal, even though it was backed by President Obama, over provisions tucked inside rolling roll back Wall Street regulations and easing campaign finance laws.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.