Dec 16, 2014:

President Obama signed the $1.1 trillion spending bill passed by Congress last week. The bill is sometimes referred to as the "Cromnibus" bill because it's a combination of a CR (Continuing Resolution) bill and an omnibus bill (a bill covering unrelated topics, but voted on as a whole).

Dec 13, 2014:

The U.S. Senate passed a $1.1 trillion spending bill by a 56-40 margin. The bill funds the U.S. Government through September 30, 2015.

The Washington Post has a good summary of the bill in an article entitled "What’s in the spending bill? We skim it so you don’t have to".

Note 1 - passage of this bill substantially increases the amount of money contributors can donate to political campaigns, undoing some of what was accomplished with the Bipartisan Campaign Reform Act (McCain–Feingold Act) enacted in March, 2002.

Note 2 - passage of this bill makes a significant change to the Dodd–Frank Wall Street Reform and Consumer Protection Act enacted in July, 2010.

Note 3 - passage of this bill funds the Department of Homeland Security through only February 27, 2015.

Dec 11, 2014:

The U.S. House of Representatives passed a $1.1 trillion spending bill, H.R.83 - Consolidated and Further Continuing Appropriations Act, 2015 by a 219-206 margin. Now, the bill goes to the U.S. Senate for a vote.

More:

• Spending deal would allow wealthy donors to dramatically increase giving to national parties | The Washington Post
• Senate approves $1.1 trillion spending bill | The Washington Post
• House Narrowly Passes Bill to Avoid Shutdown; $1.1 Trillion in Spending | The New York Times
• Deal reached on $1.01 trillion spending bill | The Washington Post
• Here's what's tucked in the spending bill | CNN