Thursday, December 16, 2010

A nearly $1.3T spending bill.

WASHINGTON – Democrats controlling the Senate abandoned on Thursday a huge catchall spending measure combining nearly $1.3 trillion worth of unfinished budget work, including $158 billion for military operations in Iraq and Afghanistan. Facing a midnight Saturday deadline when a stopgap funding measure expires, Senate Majority Leader Harry Reid said he would work with Republican leader Mitch McConnell to produce a bill to keep the federal government running into early next year. The 1,924-page bill collapsed of its own weight after an outcry from conservatives who complained it was stuffed with more than $8 billion in homestate pet projects known as earmarks.Link

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