US House passes two-year budget deal

Washington, Oct 29 (IANS) The US House of Representatives has passed a two-year budget deal that raises federal spending levels and expands the government’s debt limit, the media reported.

The legislation was passed on Wednesday by a vote of 266 to 167. The deal would extend the government’s borrowing authority through March 2017, when a new Congress and new president are in place, Xinhua news agency reported.

The agreement would also raise federal spending by $80 billion over fiscal years of 2016 and 2017, split evenly between the defence and non-defence spending programmes.

The legislation will now head to the Senate, which is expected to pass it later this week.

The agreement has drawn opposition from Republicans in both chambers, as conservative Republicans demand stringent debt and spending controls.

Lawmakers will still need to pass detailed spending bills for the fiscal year 2016 by mid-December, when the current short-term spending bill expires.

The White House has repeatedly urged lawmakers in both chambers to pass the deal, saying that the legislation would provide two years of significant relief from sequestration for both defence and non-defence priorities and help to grow the economy and build middle-class economic security.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here