The measure, passed by a 284-149 vote, would head off another politically dangerous government shutdown and add a measure of stability to action this fall on a $1.37 trillion slate of annual appropriations bills. The Senate is scheduled to approve the bill next week.

The hard-won agreement between the administration and Democratic House Speaker Nancy Pelosi lifts the limit on the government's $22 trillion debt for two years and averts the risk of the Pentagon and domestic agencies from being hit with $125 billion in automatic spending cuts that are all that's left of a failed 2011 budget pact. It is a welcome detente for lawmakers seeking to avoid political and economic turmoil over the possibility of a government shutdown or first federal default.