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Senate Passes $3.7 Trillion Budget, It's First in 4 Years

Senate Passes $3.7 Trillion Budget, It's First in 4 Years

Published: Saturday, 23 Mar 2013 | 5:24 AM ET
By: Jonathan Weisman

WASHINGTON — After a grueling, all-night debate that ended close to 5 a.m., the Senate on Saturday adopted its first budget in four years, a $3.7 trillion blueprint for 2014 that would fast-track passage of tax increases, trim spending gingerly and leave the government still deeply in the debt a decade from now.

The 50-49 vote sets up contentious — and potentially fruitless — negotiations with the Republican-dominated House in April to reconcile two vastly different plans for dealing with the nation’s economic and budgetary problems. No Republicans voted for the Senate plan on Saturday, and four Democrats — Mark Pryor of Arkansas, Kay Hagan of North Carolina, Mark Begich of Alaska and Max Baucus of Montana — also opposed it. All four are Red State Democrats up for re-election in 2014.

Read more: http://www.cnbc.com/id/100584821



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