Reuters AlertNet Lite - US House approves budget plan in line with Obama's

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US House approves budget plan in line with Obama's

02 Apr 2009 23:11:01 GMT
Source: Reuters

WASHINGTON, April 2 (Reuters) - The U.S. House of Representatives on Thursday approved a $3.45 trillion budget blueprint largely in line with President Barack Obama's proposal after defeating a Republican alternative that slashed spending and taxes.

The Senate is working on its own budget for the fiscal year that begins Oct. 1 and any differences will have to be worked out. The budget legislation is nonbinding but sets guidelines for spending and tax measures that will be considered later this year.

The House Democrats budget would also allow legislation to overhaul the $2.5 trillion U.S. healthcare system to be considered in a speedier manner. (Reporting by Jeremy Pelofsky and Richard Cowan, editing by Stacey Joyce)

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