President Barack Obama on Friday urged the Senate to ratify a $1.1 trillion, House-passed spending bill that has roiled his Democratic Party, judging it an imperfect measure that stems from “the divided government that the American people voted for.”
President Barack Obama swung behind a $1.1 trillion government wide spending bill Thursday, giving it critical momentum as it headed toward likely passage later in the afternoon, despite opposition from tea party Republicans over immigration and Democrats angry over last-minute changes to bank regulations and looser rules on campaign spending.
Democratic support for a huge, $1.1 trillion spending bill funding every corner of government faded Wednesday as liberal lawmakers erupted over a provision that weakens the regulation of risky financial instruments and another that allows more money to flood into political parties.
Time running short, Republicans and Democrats agreed Tuesday on a $1.1 trillion spending bill to avoid a government shutdown and delay a politically-charged struggle over President Barack Obama’s new immigration policy until the new year.
The federal government’s budget deficit has fallen to $486 billion, the smallest pool of red ink of President Barack Obama’s six-year span in office, a new report said Wednesday.