President Obama on Tuesday afternoon officially signed into law a measure funding the government through Sept. 30, ensuring that the government will stay open through the remainder of the fiscal year.

REUTERS/Jonathan Ernst REUTERS/Jonathan Ernst

Many had expected another budget fight ahead of the Wednesday deadline to renew a continuing resolution funding the government. But neither Republicans nor the White House saw value in threatening to shut the government down.
As a result, the lower levels of domestic and defense spending put in place by the so-called "sequester" are likely to remain at least until the summer or early fall, when Congress will next confront questions of the budget.

That appears to be a setback for Obama, who had campaigned to expand government investment in the economy. While Republicans advocated deep cuts to domestic spending, many are also furious about the cuts to military spending.

The next big budget deadline is midsummer, when the government must lift the national debt ceiling.

(And for those you keeping track, Obama's approval of the measure means the 135th Easter Egg Roll is alive and well.)