Share

Videos

House Passes Bill to Fund Gov't For Another Week, Obama Thre

Financial News Network
|
April 07, 2011 AT 9:32 PM
With a government shutdown looming, the GOP-led House has passed a bill that would fund the government for a week and also fund the Department of Defense for the rest of the fiscal year.The measure, which includes $12 billion in spending cuts, passed 247 to 181. The vote was largely along party lines, though six Republicans opposed it and 15 Democrats supported it. The passage was likely symbolic, since it is unlikely to pass the Democrat-led Senate and President Obama has vowed to veto it if it does. It appears designed to boost Republican arguments that Democrats should be blamed if the government shuts down.