WASHINGTON -- Top House and Senate Democrats reached a tentative agreement on an almost $100 billion war funding bill Monday, including a generous new line of credit for the International Monetary Fund.
At the core of the measure is President Obama's war funding request, which included $76 billion for Pentagon operations. But the IMF funding is a top priority of Obama, who pledged the $100 billion line of credit at April's G-20 summit in London to help developing countries deal with the troubled global economy.
The actual U.S. costs for the IMF contribution are far less -- $5 billion is the Congressional Budget Office estimate -- since the U.S. government is given interest-bearing assets in return.
Other details of the agreement between House Appropriations Committee Chairman David Obey, D-Wis., and his Senate counterpart, Daniel Inouye, D-Hawaii, remain sketchy. The agreement was discussed briefly during a conference call of House Democratic leaders, a senior House Democratic aide said. The aide requested anonymity because the details were not yet released.
Some $80 million sought by Obama to close the U.S. naval prison at Guantanamo Bay, Cuba, remains out of the legislation. The Senate voted 90-6 last month to kill the money and the House never included it. - FOX News Story
Why Not!!!! Billions and Billions more. Let's keep spending and spending and spending. Pretty soon we get give ourselves like a QUADZILLION Dollar Bailout. I know that we need funding for the Wars, but its the other BS that he keeps throwing into these things.
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