From: http://www.foxnews.com/politics/first100days/2009/04/02/senate-passes-trillion-budget-blueprint/
On a long day and night, the House was first to vote, and approved its version of the budget on a 233-196 roll call that fell largely along party lines. It calls for spending of $3.6 trillion for the budget year that begins Oct. 1, and includes a deficit of $1.2 trillion.
The Senate acted a few hours later, with Vice President Joe Biden presiding. The vote was 55-43 for a slightly different blueprint that calls for spending $3.5 trillion and forecasts a deficit of $1.2 trillion.
Both deficit forecasts are exceedingly high by historical standards (see chart). But they would represent an improvement over this year's projected total of $1.8 trillion, swollen by spending and tax cuts designed to rejuvenate the economy as well as steps to bail out the financial industry.
Showing posts with label House. Show all posts
Showing posts with label House. Show all posts
Friday, April 3, 2009
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