House Passes Budget to Ease U.S. Spending Cuts

House Passes Budget to Ease U.S. Spending Cuts Play

Dec. 12 (Bloomberg) -- The U.S. House of Representatives passed the first bipartisan federal budget in four years, which would ease $63 billion in automatic spending cuts and avert another government shutdown. The legislation now heads to the Senate. The House voted 332-94 for the $1.01 trillion compromise budget. House Speaker John Boehner, a Republican from Ohio, reads the results of the vote. (Source: Bloomberg)

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