Congress Nearing Military Spending Agreement

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We'll see if Congress can make such progress on the financial bailout.


Pentagon bill poised to clear Senate hurdle

WASHINGTON (AP) -- A huge spending bill that combines help for Gulf Coast disaster victims and loans for U.S. automakers with record spending for the Pentagon and veterans is poised to clear a key hurdle in the Senate.

The year-end budget measure also would lift a quarter-century ban on oil drilling off the Atlantic and Pacific coasts. That's a key victory for Republicans.

Saturday's vote on a procedural motion would set a final vote for no later than Sunday.

After hard lobbying, automakers won up to $25 billion in low-interest loans to help them develop technologies and retool factories to meet new standards for cleaner, more fuel-efficient cars.

The measure is fueled by a need to pass stopgap funding to keep the government running past the current budget year ending Sept. 30. The stopgap measure is needed because of a breakdown in the budget process this year, and under it, domestic agencies would be funded through March 6 or until their regular budgets pass.

The measure is dominated by $488 billion for the Pentagon, $40 billion for the Homeland Security Department and $73 billion for veterans' programs and military base construction projects -- amounting to about 60 percent of the budget work Congress must pass each year.

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This page contains a single entry by Muhammed El-Hasan published on September 27, 2008 11:38 AM.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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