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Obama signs key bill to fund federal government | |
(about 2 hours later) | |
US President Barack Obama has signed into law a spending bill, averting an impending shutdown of federal government services. | |
The bill, worth nearly $1tn (£645bn), was earlier passed by the Senate and had already been backed by the House of Representatives. | |
Government agencies including those for defence and labour faced shutdown this weekend without the legislation. | |
It follows Senate approval of a two-month extension to a payroll tax break. | |
That bill also forces President Obama to make a decision on a controversial oil pipeline early next year. | That bill also forces President Obama to make a decision on a controversial oil pipeline early next year. |
It is expected to go before the Republican-dominated House for a vote on Monday. | It is expected to go before the Republican-dominated House for a vote on Monday. |
Passage of these two pieces of legislation would end a year of bitter partisan budget battles on Capitol Hill. | Passage of these two pieces of legislation would end a year of bitter partisan budget battles on Capitol Hill. |
The spending bill funds a wide range of government agencies for the rest of the fiscal year - until September 2012. | The spending bill funds a wide range of government agencies for the rest of the fiscal year - until September 2012. |
The vote to continue the payroll tax break for about 160 million American workers also means millions of unemployed Americans will continue to receive emergency welfare benefits. | The vote to continue the payroll tax break for about 160 million American workers also means millions of unemployed Americans will continue to receive emergency welfare benefits. |
The bill stops the 4.2% tax rate from jumping to 6.2% for those workers on 1 January. | |
Economists have warned that a failure to keep the tax cut would hurt a fragile US economic recovery. | |
But in exchange, President Obama must make a decision in February on the proposed Keystone XL pipeline from Canada's oil sands to refineries in Texas. | But in exchange, President Obama must make a decision in February on the proposed Keystone XL pipeline from Canada's oil sands to refineries in Texas. |
Mr Obama had threatened to veto the project and wanted to delay a decision on it past the 2012 election. | Mr Obama had threatened to veto the project and wanted to delay a decision on it past the 2012 election. |
In remarks after the Senate vote, Mr Obama said he expected Congress to extend the payroll tax break for the rest of 2012 when it reconvened in January. | In remarks after the Senate vote, Mr Obama said he expected Congress to extend the payroll tax break for the rest of 2012 when it reconvened in January. |
Allowing it to lapse would be "inexcusable", he said. | Allowing it to lapse would be "inexcusable", he said. |