Obama signed a budget plan for two years


Moscow. On 2 November. U.S. President Barack Obama on Monday signed a two-year Congress approved a budget plan that, in particular, provides for an increased borrowing limit for the US government, reports Bloomberg.

Limit the size of the national debt, according to budget the scheme increases to a level that will not revisit the issue until March 2017, that is until the arrival in the White house the new administration.

Budget expenditures in the next two financial years will increase by $80 billion ($50 billion in the current fiscal year, which began October 1, and $30 billion in the next fingado). Under increasing costs in both years, equally divided between defense spending and other needs.

The bill was a compromise between Republicans and Democrats.

“This is a demonstration of how to work Washington”, – said the Obama budget plan.

In the last few years, the U.S. government was repeatedly on the verge of default because of the delays in examining the question of increasing the debt limit by Congress in connection with the confrontation of political parties. In the summer of 2011 that led to the downgrade of the U.S. in fall 2013 – the government shutdown.