There are two outcomes I can see for the House and Senate budget fight: (1) Compromise; (2) Punt.
“Compromise” would involve significant budget cuts. For example, the IRS budget shows that the House and Senate have agreed to an overall ~ 5% cut — they just need to agree what to cut. The House has completely defunded the Patient Protection and Affordable Care Act and Health Care and Education Reconciliation Act of 2010 (ObamaCares). This is where the battle will occur, since the Senate has only defunded outside collection agencies.
“Punt” would involve another Continuing Resolution. And more waiting. For those of us who work for the federal government, the wait is tense. No one really knows where the cuts will be or if it will affect them.