Reuters AlertNet Lite - U.S. Senate passes $2.9 trillion FY08 budget

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U.S. Senate passes $2.9 trillion FY08 budget

17 May 2007 20:29:34 GMT
Source: Reuters

WASHINGTON, May 17 (Reuters) - The U.S. Senate on Thursday approved a $2.9 trillion budget plan for fiscal 2008, completing congressional action on a blueprint that funds President George W. Bush's military buildup while adding money for Democrats' domestic priorities.

By a vote of 52-40, the Senate approved the budget for the fiscal year beginning Oct. 1. Democrats touted the plan, which they said would eliminate deficits in five years, while Republicans complained the measure jeopardized some Bush administration tax cuts set to expire at the end of 2010.

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Last updated:Thu May 17 20:31:01 2007