U.S. Congress passes first budget in four years

Source: Bloomberg
The U.S. House of Representatives voted for the first bipartisan federal budget since 2009, as both major parties reached the final agreement on important issues. The lawmakers approved the budget with 332 votes for versus 92 votes against it. The passed budget includes a $63 billion ease in spending cuts. At the same time, this budget keeps about 50% of automated spending cuts for the next year.

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