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Pelosi, White House Support Plan Allowing U.S. Crude Oil Exports

  • House Democratic leader had expressed concern on spending bill
  • Plan extends solar, wind energy credits backed by Democrats
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WTI-Brent Spread May Hinder U.S. Oil Export Plan

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The House Democratic leader, Nancy Pelosi, joined the White House in announcing support for a $1.1 trillion spending plan that would avert a U.S. government shutdown and lift the 40-year-old ban on crude oil exports.

The spending bill, which would fund the government through September 2016, is being paired in Congress with a separate $622 billion measure to revive a series of expired tax breaks. Pelosi, of California, told House Democrats she would vote for the spending bill in a private meeting Thursday morning, spokesman Drew Hammill said.