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Budget News

US Senate pass Obama-friendly budge
US Senate pass Obama-friendly budget
 UNITED STATES OF AMERICA , 3-April-2009  1:55:18 AM
Acting in quick succession, the House and Senate approved budgets drawn to President Barack Obama's specifications and pointing the way toward major legislation later this year on health care, energy and education.

"It's going to take a lot of work to clean up the mess we inherited, and passing this budget is a critical step in the right direction," Senate Democratic Majority Leader Harry Reid said.

"Staying true to these priorities will help turn around the economy for the many Americans who are underwater right now."

Republicans in both houses accused Democrats of drafting plans that would hurt the recession-ravaged economy in the long run, rather than help it, and saddle future generations with too much debt.

"The administration's budget simply taxes too much, spends too much and borrows too much at a moment when we can least afford it," said the Senate Republican leader, Mitch McConnell.

But a Republican alternative fared poorly in the House, where 38 Republican lawmakers voted against a plan supported by their own leadership

From : http://www.indianexpress.com  

Posted By : Desi

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