Obama signs 1.1 trillion dollar spending bill

Source: Internet
Author: User
Keywords Expenditure
Tags force high operations
Xinhua Washington, December 16 (reporter Lina Liu Hong) U.S. President Barack Obama 16th in the White House signed the 1.1 trillion U.S. dollar spending budget bill, so that the formal entry into force. The bill is part of the U.S. fiscal year 2010 federal spending, which includes 447 billion dollars in the federal government's day-to-day operations and about $650 billion trillion in federal funding for education, health and other areas.  The bill excludes defence budgets. Republican lawmakers are strongly opposed to this huge expense. They believe that the current federal deficit is too high, such a scale of spending unsustainable, will bring the country into disaster.  But Democrats think the scale of spending is necessary to get the U.S. economy out of recession as quickly as possible. With Democrats in Congress holding a majority, the 1.1 trillion-dollar spending bill was passed in the House and Senate, despite Republican resistance.  The Senate passed the bill 13th this month and submitted it to the president for signature. The U.S. fiscal year 2010 starts October 1 this year. According to the Obama administration's estimate, the fiscal year's federal deficit could hit a record $1.5 trillion trillion.
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