Posted by
Defend America on Friday, December 11, 2009 3:14:46 PM
House approves financial overhaul
By Silla Brush
-
12/11/09 02:41 PM ET
The House passed financial overhaul legislation intended to boost consumer protection and crack down on Wall Street abuses.
The House on Friday passed a wide-ranging financial overhaul bill
intended to boost consumer protection and crack down on abuses on Wall
Street.
The
House approved the bill on party lines in a 223-202 vote, with no
Republicans favoring the measure, a top priority for the Obama
administration. Twenty-seven Democrats crossed party lines and voted
against the bill.
http://thehill.com/homenews/house/71877-house-approves-financial-overhaul
If you remember, I linked to an article that said that this bill will increase the deficit if passed:
CBO: Financial overhaul would hike deficit by $4.5 billion
By Silla Brush
-
12/04/09 07:56 PM ET
A
wide-ranging House bill to crack down on Wall Street and revamp the
nation's financial markets will increase the nation's deficit by $4.5
billion over the next decade, according to the Congressional Budget
Office (CBO).
The nonpartisan CBO said late on Friday that the
effort between 2010 and 2019 would increase revenues to the federal
government by $4.9 billion and increase spending by $9.4 billion. The
package would have its biggest fiscal impact between 2010 and 2014,
when budget deficits would increase by $10.7 billion, CBO said.
http://thehill.com/homenews/house/70723-cbo-financial-regulation-bill-would-increase-deficit-by-45-billion