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Tuesday, December 16, 2014

U.S. Senate passed a $1.1T spending bill

Lifting the threat of a government shutdown, the U.S. Senate passed a $1.1T spending bill over the weekend that will fund every federal agency through next September except the Department of Homeland Security. The bill, which included a rollback of Dodd-Frank banking reforms, passed by a vote of 56 to 40. The measure will now go to President Obama, who is expected to sign it into law before federal spending authority expires at midnight on Wednesday.

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