Hong Kong, The new Congress to start on the 5th, the Republican controlled House of Representatives has proposed a new budget year, less than last year spending $ 100 billion, and intends to repeal the health care reform policy proposals.
reported that although the move accused of
table posturing resolution greater than the actual
view of the United States is facing a huge budget deficit, Republicans pointed to the need to cut budget expenditures, in addition to military, local security and veterans benefits are not affected, the other areas of federal government spending to be reduced by an average 20%, including education, transportation and so on. Obama's budget director, Jacob Bubu Bu. Lu said that this means that 40,
air jordan flight 1,000 teachers and school assistants will lose their jobs, research, law enforcement and programs to help small businesses would be severely affected.
expected, however, the motion may not be passed in the Senate, even if Obama can be rejected. U.S. 2011 fiscal year on October 1 last year, has already begun, but before the end of the last Congress, not through the current fiscal year appropriations bill.
Republican Congressman is planned for the day after the abolition of health reform to make a procedural vote and be voted on June 12. Since most of the Republican-controlled House of Representatives seats, the spokesman said motion will be passed. However,
mbt buy, Democrats still control the Senate,
nike air max light, I believe that motion, the Senate will be Even if both houses pass the bill, Obama can still veto.
financial reform bill funding or sad off
As for the other achievements of financial reform bill Obama is also facing block. Under the new legislation, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) will be more regulatory powers, also need more funding. Which the SEC requires budget for fiscal year 2011 increased by 18% to 800 additional implementation of reforms; shortage of long-term funding requirements of CFTC also increased by 50% budget.
the funding has not yet granted in the last Congress, the Republican-controlled House of Representatives as the analysis, funding will be more difficult to pass. Legal scholars believe that, when the SEC and CFTC regulatory implementation may only selectively.
other hand, the U.S. Congress will vote in March whether to raise $ 14.3 trillion debt ceiling. Current U.S. national debt at 13.9 trillion, with Republican lawmakers said that unless there are plans to long-term social welfare spending back to 2008 levels, it would not support an increase in national debt limit. White House economist warned, refused to raise the ceiling of a devastating impact.