House swiftly advances behemoth $1.4T spending deal

Malaysia News News

House swiftly advances behemoth $1.4T spending deal
Malaysia Latest News,Malaysia Headlines
  • 📰 politico
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

Today the House passed a $1.4 trillion spending pact that would inject federal agencies with $49 billion in extra cash this fiscal year, enact a host of substantial policy changes and avert a repeat of last year's holiday-time government shutdown

“We think we did pretty well,” Senate Appropriations Chairman Richard Shelby said Monday night, after top appropriators debuted the 2,300-page text of their compromise. “In any appropriations deal, in any standoff, you have to give and take. We didn’t get everything we wanted. The president didn’t get everything he wanted. But that’s the nature of what we do.”

The deal would repeal three key health taxes that were projected to yield about $400 billion in offsets to Obamacare over a decade. It would save retirement benefits for tens of thousands of coal miners and includes long-sought money for research into gun violence, millions for election security grants, billions in added Pentagon cash and a 3.1 percent pay raise for federal civilian employees.

The wall funding also comes with fewer stipulations than before, giving the Trump administration more flexibility to continue building the structure in new areas if Congress keeps spending static next time by resorting to a stopgap spending bill. Conservatives are also decrying the deal as a budget-busting deficit bomb that came together without any transparency.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

politico /  🏆 381. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Babe Ruth's 500th home run baseball bat sold for $1 millionBabe Ruth's 500th home run baseball bat sold for $1 millionA baseball bat used by legendary player Babe Ruth to hit his 500th career home run has sold at auction for over $1 million.
Read more »

Babe Ruth's 500th Home Run Bat Fetches $1 MILLION At AuctionBabe Ruth's 500th Home Run Bat Fetches $1 MILLION At AuctionBabe Ruth's 500th home run bat has a new owner ... and it came with a price tag of ONE MILLION FREAKIN' DOLLARS!!
Read more »

Alan Greenspan says inflation 'is inevitably going to rise' as deficit balloons over $1 trillionAlan Greenspan says inflation 'is inevitably going to rise' as deficit balloons over $1 trillion
Read more »

Ford to add 3,000 jobs in the Detroit area, invest $1.45BFord to add 3,000 jobs in the Detroit area, invest $1.45BDETROIT (AP) — Ford Motor Co. is adding 3,000 jobs at two factories in the Detroit area and investing $1.45 billion to build new pickup trucks, SUVs, and electric and autonomous...
Read more »

Why A Babe Ruth Bat Sold For More Than $1 MillionWhy A Babe Ruth Bat Sold For More Than $1 MillionThe sale was not actually a record for a Ruth Bat.
Read more »

The best investment of the decade turned $1 into $90,000The best investment of the decade turned $1 into $90,000The decade is almost over -- and one incredibly volatile investment stood out from all the rest as the best of the 2010s. Want to take a guess what it was? Bitcoin.
Read more »



Render Time: 2025-03-11 04:27:01