US Senate Passes Two Year Budget Bill

December 19, 2013 Share Print 0

The US Senate has passed a two-year federal budget bill by 64 votes to 36 in a rare outbreak of fiscal deal-making on Capitol Hill.

The legislation, which would avert a government shutdown in January, sailed through the Republican-held House of Representatives last week.

The proposal was drafted by a cross-party budget committee set up after October’s 16-day government shutdown.

Republicans and Democrats are unpopular after a year of congressional inaction.

The year 2013 has seen political gridlock over President Barack Obama’s healthcare law, the federal debt limit and issues ranging from immigration to gun control.

via BBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Bio
Twitter
Google+
Latest Posts

Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.