US House passes two-year budget deal

  • The US House of Representatives has passed a two-year budget deal that raises federal spending levels and expands the government's debt limit, the media reported. The legislation was passed on Wednesday by a vote of 266 to 167. The deal would extend the government's borrowing authority through March 2017, when a new Congress and new president are in place. The agreement would also raise federal spending by $80 billion over fiscal years of 2016 and 2017, split evenly between the defence and non-defence spending programmes. The legislation will now head to the Senate, which is expected to pass it later this week. (Source: IANS)