Biden signs Congress’ $1.7 trillion spending bill into law


President Biden on Friday signed into law Congress’ $1.7 trillion spending bill to avert a partial government shutdown and fund federal agencies through September, praising the measure as a shining example of bipartisanship on Capitol Hill.

Flying drone with camera

The House passed the sprawling package mostly along party lines, 225-201, as lawmakers scrambled to tie up loose ends before leaving Washington for the holiday recess. The Senate approved the measure 68-29 on Thursday.

“This bill is further proof that Republicans and Democrats can come together to deliver for the American people, and I’m looking forward to continued bipartisan progress in the year ahead,” Mr. Biden said.

The passage marks House Speaker Nancy Pelosi’s final act as leader of the chamber’s Democrats before Republicans take control next month.

The more than 4,000-page bill contains 12 appropriations bills for federal agencies and provides roughly $45 billion in aid to Ukraine amid the 10-month-old Russian invasion.

The package increases spending for domestic initiatives by about 6%, totaling $772.5 billion. Defense spending will increase by about 10% to $858 billion.

“This bill is good for our economy, our competitiveness and our communities,” Mr. Biden said. 

See also  Will force majeure clauses strike the right chord during industrial action?




Source link

(This article is generated through the syndicated feed sources, Financetin doesn’t own any part of this article)

Thank you for reading this post, don't forget to subscribe!

We will be happy to hear your thoughts

Leave a reply

 
financetin
Logo
%d bloggers like this: