Senate raises 2005 funding limit by 7.3 percent

Senate raises 2005 funding limit by 7.3 percent

The Senate today passed the government's fiscal 2005 budget resolution by 51 to 45, setting the overall limit at $2.36 trillion with $821 billion for discretionary spending. The resolution does not say how the Appropriations Committee will divvy up the funds, however.

The House Budget Committee still is marking up its version and hopes to finish by next Wednesday. After the committee passes the resolution, the entire House will vote and send the result to conference with the Senate version to work out differences.

The original House version from Budget Committee chairman Jim Nussle (R-Iowa) suggested $2.4 trillion for overall federal spending in 2005, including $819 billion in discretionary funds. A committee spokeswoman said those numbers are subject to change during markup and again when the bill goes before the entire House.

For fiscal 2004, Congress limited total federal spending to $2.2 trillion, with a $784 billion cap on discretionary spending.

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