Congress Oks year-end budget deal

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
800px-Capitol_Building_3

File photo

WASHINGTON (AP) — The Senate has given sweeping approval to a year-end budget package that boosts federal agency spending and awards tax cuts to both families and an array of business interests.

The 65-33 vote sent President Barack Obama a package combining $1.14 trillion in new spending in 2016 and $680 billion in tax cuts over the coming decade, a peaceful end to a yearlong struggle over the budget, taxes, and Republican efforts to derail his regulatory agenda.

Obama will sign the measure, which includes many of the spending increases he fought for all year and is largely free of GOP attempts to block his moves on the environment, financial regulation, and consumer protection.

Republicans won increases for the military and an end to a ban on exporting U.S. oil.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s