WASHINGTON -- Acting with unusual speed, the House on Wednesday adopted a $3.4 trillion budget outline that endorses much of President Barack Obama's ambitious agenda while permitting the national debt to continue to spiral higher.
While a welcome victory for Democrats, the 233-193 House vote approving the House-Senate compromise budget is only a first, relatively easy step toward Obama's goal of providing health care coverage for all Americans. Next would come arduous negotiations among lawmakers, the Obama administration and a vast array of interest groups.
Not a single Republican voted for the measure; 17 Democrats, mostly from GOP-leaning districts, voted against it.
The Senate will vote on the measure Wednesday afternoon.
With the economy in recession and the bailout of the financial sector costing hundreds of billions of dollars, deficits would rocket to $1.7 trillion for the ongoing budget year, dipping to a still-astonishing $1.2 trillion in 2010. The national debt would rise from today's $11.2 trillion level to $17 trillion at the end of 2014. - FOX News Story
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