U.S. House Passes Bill to Fund Government, Export Crude Oil

The U.S. House of Representatives on Friday overwhelmingly passed a $1.1 trillion spending bill to keep government agencies open and funded through September 2016 and lift the 40-year-old ban on U.S. crude oil exports.

The bipartisan vote sends the bill to the Senate, where Republican and Democratic leaders have agreed to combine it with a package of tax breaks passed on Thursday. The Senate will then take up the combined package in a series of procedural and a final vote expected by early Friday afternoon.

Reuters

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.