Friday, March 17, 2006

Senate Approves Budget, Breaking Spending Limits

The Senate narrowly approved a $2.8 trillion election-year budget Thursday that broke spending limits only hours after it increased federal borrowing power to avert a government default.

The budget decision at the end of a marathon day of voting followed a separate 52-to-48 Senate vote to increase the federal debt limit by $781 billion, bringing the debt ceiling to nearly $9 trillion. The move left Democrats attacking President Bush and Congressional Republicans for piling up record debt in their years in power.

Despite calls by Republican deficit hawks to hold the line, Senate Republicans joined with Democrats to approve more than $16 billion in added spending for social, military, job safety and home-heating programs, exceeding a ceiling established by President Bush.

In separate action, the House advanced $92 billion in war spending and hurricane recovery money.

Even with the added money, the Senate approved the $2.8 trillion budget by only 51 to 49 with five Republicans defecting. Senator Mary L. Landrieu of Louisiana was the sole Democrat to back the budget after winning agreement for a new $10 billion effort for levee rebuilding and coastal protection to be paid for out of oil royalties and other sources. Her vote saved Vice President Dick Cheney from having to break a tie.

FULL STORY

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