Saturday, February 19, 2011

House slashes $61B from budget - UPI.com

House slashes $61B from budget - UPI.com

WASHINGTON, Feb. 19 (UPI) -- House Republicans passed a stopgap funding bill Saturday that would avert a government shut down and derail many of President Barack Obama's initiatives.

The government would shut down March 4 without the funding bill, called a continuing resolution, which passed 235-189 after marathon legislative session that ended in the early hours Saturday morning.

The bill cuts $61 billion in spending from the current budget.

The bill carves a conservative take on government priorities, slashing $2.7 billion from the Environmental Protection Agency, cutting support for ethanol production and derailing funding for Obama's healthcare overhaul,Politico reported.

The bill also sets up a game of chicken between House Speaker John Boehner, R-Ohio, and the Democratic-led Senate. Before the bill passed, Boehner said, "The only people in this town rooting for a government shutdown are (Rep.) Nancy Pelosi and (Sen.) Harry Reid. There's not one Republican talking about government shutdown. Our goal is to cut spending because it will lead to a better environment for job creation in America," The Hill reported

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