Obama Signs Spending Bill he Negotiated with GOP

Friday, 15 Apr 2011 07:45 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

WASHINGTON (AP) — President Barack Obama has signed a six-month spending bill that cuts more than $38 billion from the current budget. The legislation averted a government shutdown and was the result of intense negotiations between the White House and emboldened Republicans.

The House and Senate approved the spending agreement Thursday.

With that compromise behind them, the White House and Congress are now plunging into a larger debate over long-term deficits and the rising national debt. The debt will reach its ceiling of $14.3 trillion in mid-May, requiring a vote from Congress to raise the nation's credit limit.

Republicans are using the vote as leverage to extract further spending reductions from the president. On Friday, he said more reductions were inevitable.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Instagram Posting May Be Linked to Police Killings

Saturday, 20 Dec 2014 18:09 PM

A posting to the social media site Instagram may be linked to the
tragic killings of two New York City police offic . . .

Police: 2 NYC Cops Shot Dead, Execution Style

Saturday, 20 Dec 2014 17:03 PM

An armed man walked up to two New York Police Department officers sitting inside a patrol car and opened fire Saturday a . . .

State Dept. Issues Worldwide Travel Alert

Saturday, 20 Dec 2014 16:47 PM

The United States issued a worldwide travel alert Friday, warning Americans to be vigilant during the holiday period, es . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved