House Passes Spending Bill Slashing Funding For Wall Street Oversight

Doesn’t that just figure! There is an election coming up this year – everybody be prepared to vote ’em out.

Justice League

WASHINGTON, July 16 (Reuters) – The Republican-led U.S. House of Representatives on Wednesday passed a bill to slash funding for Wall Street oversight and revamp new agencies dedicated to cracking down on fraud against consumers and policing risks after the financial crisis.

The $21.3 billion funding bill, which covers appropriations for the 2015 fiscal year beginning Oct 1 for financial services and other areas of government, passed the House in a 228 to 195 vote along largely partisan lines.

The Democrat-controlled Senate is not expected to approve the bill as it is now.

Earlier this week, the White House said that President Barack Obama “strongly opposes House passage” of the appropriations bill and would veto it if the legislation reached his desk.

House lawmakers have been crafting separate spending bills for various parts of the government, but the Senate has not passed any spending measures.

If the two chambers cannot…

View original post 112 more words

One thought on “House Passes Spending Bill Slashing Funding For Wall Street Oversight

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s