Congress passed a trillion dollar budget

The US Senate during the meeting adopted the draft federal budget for the 2016 fiscal year, which also included a provision canceling the oil embargo that had been in effect for 40 years. 65 senators voted for this decision, member 33 voted against.

The total budget is 1,1 trillion dollars. The provision on the abolition of the oil embargo was included in the text in the process of its agreement between the Democrats and the Republicans, who came up with this initiative.

The new fiscal year began in the US on October 1, but the state budget was never approved, federal ministries and departments were funded on the basis of a temporary resolution, which has already been extended several times to prevent the government from stopping. The adopted document spelled out funding for a number of federal agencies, including the State Department and the Ministry of National Security. However, this package does not include the Pentagon budget; it was previously adopted separately.

In addition, the senators supported the bill on tax incentives, approved on Thursday by the House of Representatives. In particular, allowances are made for companies engaged in research and development, as well as for low-income families, students and working homeless people. In addition, construction companies that use energy-saving technologies in the construction of housing to improve its efficiency will be able to rely on write-offs. The total amount of all charges will be 680 billion dollars. This bill was part of a general budget agreement between Democrats and Republicans.

Now these documents will be received for signature by the US President, who is likely to sign them already on Friday, since in the evening the head of state and his family are leaving on holiday for the Christmas period.

Forum previously wrote that will change after the lifting of the ban on oil exports by the Americans