Home / Latest News / Report: $1T Spending Bill Ready for President Obama’s Signature

Report: $1T Spending Bill Ready for President Obama’s Signature

BudgetA $1.1 trillion government-funding bill was approved by the Senate in a 56-40 vote Saturday and is now headed to the White House for a presidential signature, Reuters reported Sunday.

President Barack Obama could sign the fiscal 2015 budget package before the government’s spending authority expires at midnight Wednesday, according to the report by David Lawder and Amanda Becker.

The House passed the omnibus late Thursday night by a 219-206 vote.

Democratic lawmakers objected to language that would ease Dodd-Frank restrictions on banks’ derivatives trading, while Republicans demanded a shorter window for Department of Homeland Security funding in response to executive actions on immigration.

The bill would provide a $64 billion budget for the Defense Department‘s overseas contingency operations and allocate $5.5 billion for anti-Ebola efforts, according to Reuters.

It also contains provisions to block the transfer of detainees at Guantanamo Bay, Cuba, to U.S. soil and to prohibit the Environmental Protection Agency from regulating lead ammunition and fishing tackles.

Check Also

House OKs Resolutions to Condemn Stopgap Funding Measures

The House on Tuesday passed three resolutions that seek to advance stable military funding by …

Leave a Reply

Your email address will not be published. Required fields are marked *