May 6, 2024

Rise To Thrive

Investing guide, latest news & videos!

Senate Approves $1.7 Trillion Omnibus Spending Bill

1 min read

The Senate has approved a $1.7 trillion omnibus spending package, setting up a vote in the House of Representatives today ahead of a midnight deadline to avoid a government shutdown. The Senate bill contains a record $858 billion in military spending and about $772 billion for nonmilitary programs. It earmarks $45 billion in emergency assistance to Ukraine. It does not include a child tax credit expansion Democrats say would have sharply reduced child poverty and hunger. And it ends a pandemic provision that led to record Medicaid enrollment, meaning millions of people will likely be kicked off the public health insurance program this spring.