US Congress unveils $1 trillion spending bill

2014-01-14 10:05

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Washington - Negotiators from the US Senate and House of Representatives unveiled a $1 trillion spending bill late on Monday, eliminating the threat of another government shutdown, at least until October.

The high-stakes omnibus spending bill sets discretionary spending limits line by line for each federal agency until 30 September, when the 2014 fiscal year ends.

"We are pleased to have come to a fair, bipartisan agreement on funding the government for 2014," said the negotiators, including Senate Appropriations Committee Chairperson Barbara Mikulski, a Democrat.

"Although our differences were many and our deadline short, we were able to a draft a solid piece of legislation that meets the guidelines of the Ryan-Murray deal [on the budget in December], keeps the government open and eliminates the uncertainty and economic instability of stop-gap governing."

In addition to Mikulski, the other members of the negotiating team included House Appropriations Committee Chairperson Hal Rogers, the panel's top Democrat Nita Lowey and the Senate Appropriations Committee's top Republican Richard Shelby.

In October, a bitter budget clash between Republicans and Democrats - who control the House and Senate respectively - triggered a 16-day government shutdown.

A deal to end the crisis financed the government through this coming Wednesday, 15 January.

Compromise

Last month, Congress passed a compromise two-year budget accord, marking a truce in the fiscal wars that have plagued Washington.

The newly unveiled consolidated appropriations bill provides $1.012 trillion to operate the federal government, not including social services and foreign military operations.

Because the agreement was the fruit of bipartisan negotiations between Republican and Democrats, it is likely to get adopted quickly by Congress this week, averting another shutdown crisis.

After two years of historic reductions, federal expenditures were set to rise again in 2014 as the deal erases painful and automatic spending cuts that were due to kick in on 1 January for the next two years.

Military spending, which had been set for net reductions, will increase slightly.

On top of top will come an additional $92bn for foreign US military operations, mainly the war in Afghanistan, and $6.5bn for extraordinary expenses linked to natural disasters.

"As with any compromise, not everyone will like everything in this bill, but in this divided government a critical bill such as this simply cannot reflect the wants of only one party," the deal negotiators said.

"We believe this is a good, workable measure that will serve the American people well, and we encourage all our colleagues to support it this week."

The discretionary budget, which must be approved by Congress each year, only represents about a third of federal public spending.

It does not include mandatory spending, such as the Medicare insurance programme for the elderly and Social Security, set to reach $2.19bn in 2014, according to Congressional Budget Office estimates.

Read more on:    us  |  us economy
NEXT ON NEWS24X

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
 
Traffic
Lottery
 
  • Thursday Kenilworth - 09:40 AM
    Road name: M5 Northbound
    DELAYS between Ottery and Kenilworth due to roadworks in the area
  • Thursday Cape Town - 09:35 AM
    Road name: N1 Inbound
    DELAYS between Lower Church Street and the Waterfront exit via the Elevated Freeway
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

BlackBerry Curve 9360

The BlackBerry Curve 9360 smartphone comes preloaded with Blackberry OS7...

From R1595.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

You may be required to travel or get information for your job. This may be restricting in some way or something may slow things...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.