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Senate approves budget

Jan. 17, 2014 2:38 AM ETBy: Yigal Grayeff, SA News Editor1 Comment
  • The Senate has voted by 72-26 to approve the $1.01T budget to finance the government through September 30 even though most legislators haven't read the 1,582-page bill.
  • With the House having passed the bill earlier this week, it will go to President Obama for his signature.
  • Congress now has around six weeks to lift or suspend the $16.7T debt limit, and just as with the latest budget, legislators might deal with the issue without the rancor that has accompanied previous debt deadlines. House Speaker John Boehner said yesterday that the U.S. "shouldn't even get close" to defaulting.

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