CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

House passes $410B spending bill

Most Democrats voted in favor of the measure, while the GOP criticized the size of bill and addition of earmarks. The bill now goes to the Senate.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

When will the economy begin to turn around?
  • Later this year
  • Early next year
  • Late in 2010
  • In 2011 or after

WASHINGTON (CNN) -- The House of Representatives passed a $410 billion spending bill Wednesday to keep the federal government operating for the remainder of fiscal year 2009, which ends Sept. 30.

The bill passed on a largely party-line 245-178 vote, with most Democrats voting in favor of it and most Republicans opposed. It now moves to the Senate for further consideration.

House GOP leaders said the spending increases in the bill - $31 billion more than the previous fiscal year - are too large.

They also criticized $7.7 billion worth of earmarks designed to support pet projects in individual lawmakers' districts.

"American families and small businesses are making sacrifices across this country, and cutting expenses due to tough economic times. Yet this Democratic majority continues to spend like there's no problem at all," Rep. Pete Sessions, R-Texas, said.

Democrats defended the size of the bill, saying it was necessary to help counter the economic downturn and restore budget cuts made under former President Bush.

House Appropriations Committee Chairman David Obey, D-Wis., also defended the earmarks, arguing that "without the earmarking process, the White House and its anonymous bureaucrats would make every single spending decision in government."

The bill's spending increases cover a broad range of programs, ranging from an additional $6.9 billion for a program to help feed poor women and infants, to another $40 million to finish a new Capitol Hill visitors center.

President Barack Obama is expected to unveil his fiscal year 2010 budget on Thursday. To top of page

Features
Markets Last Change
Dow Jones 10,240.32 13.38 / 0.13%
Nasdaq 2,150.20 -3.86 / -0.18%
S&P 500 1,092.53 -0.55 / -0.05%
10-year Bond 101 11/32 Yield: 3.46%
U.S.Dollar 1 euro = $1.496 -0.004
November 10, 2009 11:49 AM ET
CompanyPrice% Change
YRC Worldwide Inc 1.08 -8.47%
Beazer Homes USA Inc 5.07 8.14%
Fluor Corp 44.83 -6.62%
Asbury Automotive Group Inc 10.16 -5.49%
Nov 10 11:43am ET †
More Galleries
Then and now: 'The worst slum in America' Charlotte Street in New York City's South Bronx was once world famous for its blight. Now it's a slice of suburbia in the inner city - complete with Bimmers and boats. More
Tech gadget gifts for $299 or less Consumers looking to buy electronics for holiday gifts won't have to break the bank this season. More
What I bought with my $8,000 tax credit These 7 new homeowners stepped up their house-hunting to take advantage of the first-time buyer tax credit. More
Sponsors

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.