Obama Signs $1.1 Trillion Spending Bill With Wall Street Gifts Into Law

AP

WASHINGTON (AP) — President Barack Obama has signed a massive $1.1 trillion spending bill that keeps the government operating over the next nine months.

The legislation was a bipartisan compromise that angered liberals and conservatives alike but avoided a government shutdown and put off partisan clashes over immigration to next year.

  6236111_G
Ensuring a debate over immigration, though, the legislation only finances the Homeland Security Department until Feb. 27.

The bill was one of the last acts of Congress under the current Republican House and Democratic-controlled Senate. In January, the new Congress will return with Republicans in charge of both chambers.

The spending bill retains cuts negotiated in previous budget battles and rolls back some banking regulations. But it retains spending for Obama’s health care law and pays for the administration’s fight against Ebola.

Video at HuffPost

Leave a Reply