Thread: Deal Reached in Budget.
#1 Deal Reached in Budget.
12-15-2011, 11:58 PM
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WASHINGTON (AP) — Congressional negotiators reached agreement Thursday on a compromise spending bill to avert a weekend federal shutdown. They also worked toward a deal renewing the payroll tax cut and unemployment benefits for another year but prepared a shorter version as a fallback in case talks fell short.....
A deal on a $1 trillion spending bill was reached after Republicans agreed to drop language that would have blocked President Barack Obama's liberalized rules on people who visit and send money to relatives in Cuba. But a GOP provision will stay in the bill thwarting an Obama administration rule on energy efficiency standards that critics argued would make it hard for people to purchase inexpensive incandescent light bulbs.
The House is expected to approve the spending measure Friday, and the Senate could follow suit, possibly the same day.
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