Gov. Tim Walz and legislative leaders announced Thursday they've reached a bipartisan deal on a state budget framework. Why it matters: The governor and the narrowly divided Legislature have been racing against the clock in hopes of passing a budget ahead of Monday's adjournment deadline.

Minnesota State leaders announced a bipartisan state budget agreement on Thursday morning, setting the stage for a jam-packed final few days of the legislative session.

This agreement will ensure Minnesota continues to be the best place in the country to raise a child, while responsibly addressing long-term structural budget challenges.'