Obama Signs Spending Bill he Negotiated with GOP

Friday, 15 Apr 2011 07:45 PM

 

Share:
  Comment  |
   Contact Us  |
  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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Russia Warns US against Further Sanctions as Ukraine Deal Stalls

Friday, 18 Apr 2014 20:23 PM

Russia said its military is massed on Ukraine's doorstep and warned against further US sanctions as a deal struck with W . . .

Sen. Corker: Time to Consider Sending Weapons to Ukraine

Friday, 18 Apr 2014 19:31 PM

It is time for the United States to provide lethal weapons for Ukraine's military, Sen. Bob Corker said Friday, and make . . .

Pope's Good Friday Message: 'Remember All the Abandoned People'

Friday, 18 Apr 2014 18:05 PM

The plight of immigrants, the poor, the sick, the elderly, unemployed and prisoners dominated Pope Francis' Good Friday  . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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