Wednesday, September 3, 2014   

The ayes have it for US$1 trillion spending bill
(01-16 10:24)

The US House of Representatives on Wednesday overwhelmingly approved a US$1.1 trillion spending bill for fiscal year 2014, capping months-long negotiations and marking a truce in three years of fiscal battles plaguing Washington.
The measure, which funds federal government under the budget framework hammered out by Democrats and Republicans last month, passed 359-67, in a strong show of bipartisanship that belies the intense bickering that has marked recent debates over funding the government.
It now heads to the Senate, where it is expected to pass this week before being signed into law by President Barack Obama.
It also eliminates the threat of a government shutdown this month, similar to the one that paralyzed Washington for 16 days in October when Congress failed to agree on a budget.
And with nearly three-quarters of Republicans voting for the bill, it marks a rejection of the faction of Tea Party conservatives and activists staunchly opposed to virtually any increased spending.
Groups like Heritage Action, the political arm of the conservative Heritage Foundation think-tank, urged lawmakers to oppose the bill for blowing past spending levels set by the Budget Control Act of 2011.—AFP

   
Other Business breaking news:
China fines insurance firms for fee fixing (09-02 19:02)
German new car sales stable in August: data (09-02 18:39)
Hang Seng ends flat, Shanghai soars (09-02 17:54)
Hang Seng dips at midday (09-02 12:11)
Nikkei soars by break (09-02 11:07)
Eurozone manufacturing slows in August (09-02 10:46)
Alipay, Huawei to promote mobile fingerprint payment (09-01 18:19)
Sony founder nephew to head PlayStation unit (09-01 17:27)
Microsoft demanded to explain over monopoly accusations (09-01 17:15)
German machine-tool orders stagnate in July (09-01 16:29)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.