'Bipartisan' is explained in detail and with examples in the Economics edition of the Herold Financial Dictionary, which you can get from Amazon in Ebook or Paperback edition.
In the two party system found in the United States and other countries around the world, Bi-partisan signifies any resolution, act, or bill, as well as any action taken by a political governing body, where the two major political parties agree on the item or action in question.
Compromises between two parties are referred to as bi-partisan when they bring together the wishes of the two parties in a final version of a proposal or piece of legislation. When bi-partisan support can not be attained in a two party governing system, the end result is commonly gridlock. At this point, political party members and their home constituencies get angry with one another.
Bi-partisan is similarly used to describe the efforts of two radically differing groups who hold opposing views that they reconcile for a time or on an issue. Conservatives and liberals are two examples of such groups. If they can come to agreement on a course of action on a matter of urgent national importance, this is an example of bi-partisan efforts, or bipartisanship.
In the United States, the word bi-partisan commonly is employed to detail a political action or government policy that involves working together or compromising on behalf of the Republicans and Democrats, the two important political parties. Many politicians and political candidates cling to the mantle of bi-partisan efforts and policies, in particular during an election. In reality, these bi-partisan ideals are seldom actually put into place once a politician is securely and firmly in power.
In the history of the United States, precious little evidence exists to showcase that the answers to large, complex, and critical problems are found using bi-partisan agendas. The weight of evidence actually suggests that bipartisanship has little to do with the resolution of such conflicts and disagreements. Historians call bi-partisanship an invented construct that seeks to array itself as a noble tradition in order to hide its lack of results. In fact, in times of crisis, bi-partisan solutions rarely effectively deal with the problem.
The opposite of bi-partisan is partisan. American history actually demonstrates partisan ideas to be the more successful ones. The United States’ civil liberties, existence as an independent country, and idea of equality before the law, as well as many of the most beloved and successful programs of the government, all started out life as extremely partisan causes. The truth is that many aspects that are central to American life were partisan accomplishments that previously divided the nation, even to extremes.