Woah! Congress Passes $1 Trillion Spending Measure
Congress on Friday morning overwhelmingly gave final approval to a sweeping, year-end fiscal package that includes a $1.15 trillion spending measure as well as $620 billion in tax breaks for businesses and low-income workers.
The bill now goes to the White House, where President Obama has said he will sign it.
After a period of belt-tightening in Washington — including automatic budget cuts imposed in 2013 — the spending measure for 2016 provides a notable $66 billion increase in federal outlays above previously agreed-upon limits, divided equally between military and nonmilitary programs. It also represents a return to a more traditional appropriations process, with lawmakers directing money to an array of their priorities, including a $1.4 billion increase for military construction projects and $2 billion increase for the National Institutes of Health.
In keeping with a bipartisan compromise, hashed out in an era of divided government and deep-rooted philosophical differences, all sides claimed victory.