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Perilously close to a midnight deadline, the White House and congressional leaders have reached agreement to cut billions of dollars in spending to avoid the first government shutdown in 15 years.
was this not thought of a week ago?
'Historic' deal to avoid government shutdown
AP
Barack Obama AP – President Obama poses for photographers in the Blue Room at the White House in Washington after he spoke …
Government Shutdown Averted: Obama Announces Deal Play Video Video:Government Shutdown Averted: Obama Announces Deal ABC News
'Historic' deal to avoid government shutdown Play Video Video:'Historic' deal to avoid government shutdown AP
Planned Parenthood and the budget fight Play Video Videolanned Parenthood and the budget fight AP
By DAVID ESPO, AP Special Correspondent – 17 mins ago
WASHINGTON – Perilously close to a government shutdown, President Barack Obama and congressional leaders reached a historic agreement late Friday night to cut about $38 billion in spending and avert the first federal closure in 15 years.
Obama hailed the deal as "the biggest annual spending cut in history." House Speaker John Boehner said that over the next decade it would cut government spending by $500 billion — and won an ovation from his rank and file, tea party adherents among them.
From Original Article in OP.
Officials said it would keep the government in funds through the middle of next week.
www.TheAsiaSun.com...
About $ 14,000,000,000,000 debt, the U.S. has accumulated nearly 100 percent of gross domestic product. The budget deficit last year was around ten percent of economic output, higher than in Greece. 61 billion U.S. $ Republicans want to cut Obama’s current budget, which have been approved by the House now. They have no power. No money for Obama’s showcase projects such as sending high-speed trains, less money for education or police.