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US Senate narrowly passes first budget in four years

Move expected to usher in relative lull in fiscal wars until anticipated summer showdown on debt ceiling
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First Published: Sat, Mar 23 2013. 03 35 PM IST
Photo: Jason Reed/Reuters
Photo: Jason Reed/Reuters
Washington: The US Senate on Saturday narrowly passed its first federal budget in four years, a move that will usher in a relative lull in Washington’s fiscal wars until an anticipated summer showdown over raising the debt ceiling.
The Senate budget plan passed on a 50-49 vote in the Democratic-controlled chamber. Four Democratic senators facing re-election in 2014 joined all Senate Republicans in opposing the measure, which seeks to raise nearly $1 trillion in new tax revenues by closing some tax breaks for the wealthy.
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First Published: Sat, Mar 23 2013. 03 35 PM IST
More Topics: US | Senate | budget | debt ceiling |
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