A huge, $1.1 trillion spending bill funding every corner of government faces its first test in the House, where conservatives are unhappy because it fails to challenge President Barack Obamas immigration policy and many Democrats are displeased because it weakens the 2010 Dodd-Frank regulation of risky financial instruments. Another provision drawing fire would allow pensions to be cut for current retirees covered by some economically-distressed multiemployer plans, part of a package agreed to unexpectedly Tuesday after secretive talks. The 1,603-page measure was unveiled late Tuesday and will be scrutinized in advance of a House vote Thursday. But support from the top leaders in both the House and the Senate appears to cement its passage and prevent a government shutdown Thursday midnight, despite the presence of items in the legislation for lawmakers of all persuasions to dislike. hosted.ap.org/dynamic/stories/U/US_CONGRESS_RDP?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-12-09-18-23-14
Posted on: Wed, 10 Dec 2014 13:59:34 +0000
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