The nation - news from april 20, 1989
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
The Senate Budget Committee, on a 16-7 vote, approved the bipartisan budget package announced last Friday by President Bush and congressional leaders. The compromise plan, which has been
criticized as inadequate to achieve the goal of a $100-billion deficit next year, was accepted after lawmakers narrowly defeated an alternative by Sen. Ernest F. Hollings (D-S.C.) that would
have frozen spending at current levels. The compromise budget resolution, which calls for about $27 billion in deficit reductions, sets the boundaries for congressional spending and revenue
bills. Only about $16 billion, however, represents real budgetary savings, with the rest coming from accounting gimmicks and one-time actions. The plan is expected to move to the Senate
floor in early May. The House Budget Committee is expected to take similar action next week. MORE TO READ