Senate Passes Budget Plan That Eases Spending Cuts

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Dec. 18 (Bloomberg) -- The U.S. Senate cleared and sent to President Barack Obama the first bipartisan budget produced by a divided Congress in 27 years, resolving for now spending issues that had helped spur a government shutdown in October. The $1.01 trillion budget deal passed 64-36 today eases $63 billion in automatic spending cuts, raises user fees and lowers the U.S. deficit over 10 years. U.S. Senator Richard Blumenthal, a Democrat from Connecticut, reads the results of the vote. (Source: Bloomberg)

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