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Portfolio > Economy & Markets

Congress Passes Compromise 2011 Budget Bill

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The House of Representatives passed by a vote of 260-167 on Thursday the FY2011 spending bill that was agreed to late Friday night and prevented a government shutdown. The Senate quickly followed, voting 81-19 for the deal. The compromise budget will cut $38 billion in spending through Sept. 30 when the fiscal year ends. President Barack Obama's signature is assured.

In the House, the bill had the support of 179 Republicans and 59 Democrats, with 59 Republicans and 108 Democrats opposed to the bill.

Both the House and Senate are set to take up the FY2012 budget on Friday.


(Editor's Note: An earlier version of this story incorrectly stated that Rep. Paul Ryan's long-term budget plan had passed. We apologize for any inconvenience this created.)


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