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Investments / The Ticker

Senate approves budget

Plan now moves to the president's desk

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The Senate approved the latest budget 64-36, after passing the House last week.

Now, it's on to the Presidential office where he is expected to sign, based on prior indications of support.

The signature of Barack Obama will ensure there is not another government shutdown.

The deal shows a level of bipartisan initiative. Rep. Paul Ryan, R-Wis., and Sen. Patty Murray, D-Wash., are seen as the primary authors of the deal.

The government shut down earlier this year, costing billions in lost revenue, Bloomberg estimated.

 

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