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House passes $1.7 trillion spending bill, sending it to Biden to be signed into law

Clyde Edgerton by Clyde Edgerton
December 23, 2022
in Markets
House passes .7 trillion spending bill, sending it to Biden to be signed into law
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The U.S. House of Representatives on Friday approved a $1.7
trillion spending bill for fiscal 2023, sending the measure to President Joe
Biden to get signed into law. The omnibus bill, which the Senate passed
Thursday, includes a 10% boost for defense spending and a 6% increase in
domestic spending, as well as measures that would automatically enroll workers
into 401(k)s and deliver more aid to Ukraine. Congress had been racing to
approve the measure before midnight Friday to avoid a partial government
shutdown.



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