House passes more moderate $2.8 trillion budget resolution
The House has passed its $2.8 trillion fiscal 2007 budget resolution after weeks of delay.By a vote of 218-210, representatives opted for a blueprint that failed to include many of President Bush's initiatives, such as curbs to Medicare and Medicaid spending. Bush nonetheless lauded the House's passage of the bill as enforcing spending discipline. The annual congressional budget resolution is a nonbinding blueprint.
Whether the House and Senate will be able to agree on a mutual budget plan for the beginning of the fiscal year, Oct. 1, is uncertain — yet alone whether Bush would sign it into law. There are strong differences between House conservatives who want to stick to caps on agency budgets and Senate GOP moderates who want more spending leeway.