Saturday, April 9, 2011

Congress strikes a budget deal

Congressional leaders, with barely an hour to go before a federal government, announced late Friday night they had reached a deal to fund the government through the end of the fiscal year.
The deal includes $38.5 billion in spending cuts while leaving the more contentious policy matters, such as blocking funding for Planned Parenthood, for a later debate.
The Senate passed a short-term spending measure Friday night to buy lawmakers the time needed to prepare and pass the final budget bill next week. The House passed the measure early Saturday, which will be signed by President Obama when he receives it, according to senior administration officials.
Related videos:

The Complete story is HERE.

1 comment:

Right Wingnut said...

Boehner at CPAC:

"The American people have directed us to cut spending. We will. And there’s no limit to the amount we’re willing to cut to help get our economy moving again. Let me be very clear about this: we are going to exceed our Pledge to America. We are going to cut $100 billion in discretionary spending next week. Write it down. $100 billion in discretionary spending. And we aren’t going to stop there."