Fiscal fights fade as Congress backs huge budget bill

U.S. House Minority Leader Nancy Pelosi speaks at a news conference with members of the House Democratic leadership following the House vote on the Omnibus bill on Capitol Hill in WashingtonBy Richard Cowan and Susan Cornwell WASHINGTON (Reuters) – Brushing aside concerns about deepening the budget deficit, U.S. lawmakers approved $1.8 trillion worth of federal spending and tax breaks on Friday in a rare case of bipartisan action after years of damaging fiscal fights in Congress. The Senate voted 65-33 to approve sweeping legislation that averted a government shutdown, locked in billions of dollars of tax breaks and scrapped a 40-year-old ban on the export of U.S. oil. “I think the system worked” this time, President Barack Obama said during a White House news conference.

Share this article