Biden Signs Massive Spending Package
Senate Vote Sends Bills to President's Desk
Washington, D.C. (March 23, 2024, 3:53 PM EDT)
President Biden signed into law a sweeping package of spending bills Saturday, capping months of negotiations between Democrats and Republicans.
The Senate voted 72-24 to pass the final set of appropriations bills for fiscal year 2024. The measure provides funding for a wide range of government programs, including defense, education, and healthcare.
The total price tag of the package is $460 billion. It includes $854 billion for defense, $829 billion for non-defense discretionary spending, and $288 billion for mandatory spending. The package also includes $10 billion in supplemental funding for Ukraine.
"This is a big win for the American people," President Biden said in a statement. "These bills will fund our priorities and help us build a better future for all Americans."
The passage of the spending package is a significant victory for President Biden and the Democratic-controlled Congress. It comes after months of negotiations and debate over the size and scope of the spending.
The package is expected to have a significant impact on the U.S. economy. The Congressional Budget Office estimates that the package will boost economic growth by 0.5% in 2024 and create 1 million jobs.
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