A 29 member budget conference committee opens today that will potentially address all the big spending and tax issues in Washington.

The conference committee was part of the deal that reopened government and raised the federal debt ceiling in the latest congressional standoff.

The committee is supposed to issue a report by December 13th. If that report has the support of at least half of the members of the committee from each house of Congress, the report will go to the full House and Senate for approval.