Bloomberg by the Numbers: $1.1 Trillion

A measure to fund the U.S. government through Sept. 30 calls for $1.1 trillion in spending.

The omnibus spending bill “includes $1.01 trillion for U.S. government operations, plus war financing known as overseas combat operations,” Bloomberg’s Derek Wallbank reported.

“Republican efforts to derail some regulatory initiatives and to deny funding for implementation of the 2010 health care law were left out to ensure passage and avoid a repeat of the 16-day partial government shutdown in October,” he wrote.

The government’s spending authority expires Jan. 15. The House yesterday passed a three-day extension at current funding levels to give Congress time to vet and vote on the bigger spending bill.

The House is expected to consider the omnibus spending bill today. It has bipartisan support, so it should clear the Congress.

“The legislation adheres to the funding levels agreed to in the Bipartisan Budget Act of 2013, and reflects compromise by both parties,” the White House’s Office of Management and Budget said in a statement, referring to a budget agreement negotiated late last year by Republican Rep. Paul Ryan of Wisconsin and Democratic Sen. Patty Murray of Washington.

Heritage Action for America, a Washington-based group that advocates for smaller government, said in a statement that the agreement has “elevated spending levels” and “on balance takes the country in the wrong direction, both in terms of policy and overall spending levels.”

Click here for a copy of the 1,582-page measure.


What do you think about this article? Comment below!