19 Feb '11, 11am

US lawmakers vote to cut US$61b in govt spending

WASHINGTON: The Republican-controlled US House of Representatives voted early Saturday to cut about $61 billion in government spending, setting the stage for a bruising political battle with Democrats who control the Senate and the White House. The 235-189 partisan-line vote came after a dramatic all-night session rife with political posturing and heated debate. The measure is largely expected to be blocked in the Democratic-controlled Senate, where many of the approved cuts are opposed. But a stalemate could have serious political consequences. Since members of Congress were unable to agree on a budget last year, the US government is funded through a stopgap spending measure, which expires March 4. Experts warned that increasingly nasty verbal sparring and finger-pointing in the US Congress could lead to a failure to adopt a replacement, triggering a government shutdown. ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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