US Government Funding Bill 2014

January 17, 2014 by staff 

US Government Funding Bill 2014, The U.S. Senate approved the 1 trillion U.S. dollars spending bill on Thursday, leaving the long-debated proposal to President Barack Obama for signature that will finally keep the federal government open through 2014 fiscal year.

With a 72-26 vote, Thursday’s passage of the bill cleared the final blocks from Congress after the House of Representatives approved the bill on Wednesday.

President Obama will have to sign it into law until the end of Saturday when the federal funding runs out.

The act, unveiled by House Appropriations Committee Chairman Harold Rogers and his Senate counterpart Monday night, covers the entire federal discretionary spending for the 2014 fiscal year which ends on Sept. 30.

It sets domestic program spending at 492 billion dollars and defense spending at 520 billion dollars for the current fiscal year, turning off part of the automatic spending cuts, known as the sequester.

In an agreement reached to end the government shutdown in the first half of October, the Congress allowed the government to be funded until Jan. 15. So the interim bill was adopted to extend the deadline from Jan. 15 to Jan. 18 to avoid a government shutdown.

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