Senate rejects Ryan budget plan
The Senate today voted against the U.S. House of Representatives budget proposal for the 2012 fiscal year, 40-57. The House bill was sponsored by Rep. Paul
Jul 31, 202018.9K Shares999.1K Views
Image has not been found. URL: http://images.americanindependent.com/2010/07/MahurinPolitics_Thumb1.jpgThe Senate today voted against the U.S. House of Representatives budget proposalfor the 2012 fiscal year, 40-57. The House bill was sponsored by Rep. Paul Ryan (R-Wis.)
The Senate floor is considering four measures today on the 2012 budget. A simple majority (51) is necessary for any of the bills to advance. Despite electoral losses in 2010, Democrats still possess a majority in the upper chamber 51-47, with two Independents caucusing with the majority. The outcome on the Ryan plan was largely expected to fail. In recent weeks, several GOP lawmakers have backed away from the extreme cuts the House budget called for.
Yesterday’s special electionin New York, in which a Democrat won a traditionally Republican seat, was seen as an indictment on the party’s support for Rep. Ryan’s bill. Sen. Scott Brown (R-Mass.), a one-time tea party favorite, voted against his party to cast a vote of no.
Camilo Wood
Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers.
Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles