Spending Bill Held Up by Tax Provision
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A $388 billion government-wide spending bill, passed by Congress on Saturday, was stranded on Capitol Hill yesterday, its trip to the White House on hold as embarrassed Republicans
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As House Democrats wrangle over details of a $100 billion war spending bill -- including whether restrictions should be placed on troops sent to Iraq -- some members want to add significant money for agricultural relief, Hurricane Katrina reconstruction and other nonmilitary projects.
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The drive to pass a $136 billion corporate tax bill hit a roadblock in the Senate on Friday when lawmakers upset about tobacco regulation, new overtime rules and combat pay employed delaying tactics to keep the measure from coming up for a vote.
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The Senate last night approved a $555 billion omnibus spending bill to fund the federal government for the rest of the fiscal year, shortly after bowing to President Bush's demand for $70 billion in unrestricted funds for the wars in Iraq and Afghanistan.
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The drive to pass a $136 billion corporate tax bill hit a roadblock in the Senate yesterday when lawmakers upset about tobacco regulation, new overtime rules, and combat pay employed delaying tactics to keep the measure from coming up for a vote.
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The Senate, after a weekend of behind-the-scenes negotiations, struck a deal to allow passage of a sweeping corporate tax bill and spending measures for disaster relief and homeland security.
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The Senate on Wednesday passed a $464 billion spending bill that closes out last year's unfinished budget business while providing clues about how the new Democratic Congress and President Bush will do business.
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OPPOSITION Leader Mark Latham said today Labor would aim to keep the Budget surplus at its current level of about $2.5 billion. But Mr Latham said the situation would not be clear until the release of figures by the Government on Friday.
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Working behind closed doors, House and Senate leaders struggled Thursday to resolve differences on a $388 billion spending bill that would squeeze dozens of domestic programs and favor a few.
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WASHINGTON -- Congress on Thursday cleared for President Bush must-pass bills to prevent a government shutdown and extend the Treasury Department's ability to finance the budget deficit.
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Lawmakers and President Bush hope that tax breaks for businesses and rebates for taxpayers will promote spending.
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The Senate resolved a dispute delaying passage of a corporate tax bill and two spending bills for disaster relief and homeland security.
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Congress can move with amazing speed when it wants to. Trouble is, Congress doesn&#39;t always want to -- as with the highway bill that&#39;s been delayed for two years and the 12 spending bills it is supposed to pass by Oct. 1, but won&#39;t.
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The US Congress put off sending to President George W. Bush a $388 billion spending measure to fund 14 cabinet-level departments until December while lawmakers argue over how the budget process works.
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The Senate was poised today to vote on a bill that will provide $136 billion in new tax breaks for businesses and other groups and $10.
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The Tories shrug off the impact of the defection of an MP to Labour - as their leader unveils spending plans.
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Interest rates on short-term Treasury bills were unchanged in yesterday's auction, with three-month bills remaining at the highest level in more than six years.