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December 26, 2013

Obama Signs Bipartisan Budget Deal

by VOA News

President Obama has signed the bipartisan budget agreement negotiated by Congress earlier this month.

Obama signed the bill Thursday while on vacation with his family in Hawaii.

The budget gives Washington a two-year reprieve from the budget wars that halted federal operations for 16 days in October.

The Republican-controlled House has quarreled with Obama, a Democrat, over his spending proposals.

The new pact will ease some of the budget-cutting that Congress earlier agreed to, and will trim $23 billion from the country's $17 trillion debt over the next decade.

But budget negotiators again avoided dealing with other contentious financial issues, including an overhaul of the country's complex tax code and the burgeoning growth in spending for health care and pensions for older Americans.