Barack Obama signed two year cross-party budget Bill to avert Government shutdown

Dec 28, 2013 15:15 IST

Barack ObamaBarack Obama, the President of US on 27 December 2013 signed a two year bipartisan federal budget bill to avert the risk of shutdown of the Government in January 2014. He signed the Bill, while holidaying in Hawaii at the end of the year.

This legislation was passed by both the Senate and the House of Representatives earlier this month. The Bill was drafted by a cross-party budget committee, which was set up after 16-day government shutdown in October. The bipartisan Bill has been crafted by Congressman Paul Ryan and Snator Patty Murray.

He also signed a defense spending bill that includes the ways of altering the way of the sexual assault in the military. The bill has made it easier to transfer the detainees out of Guantanamo Bay detention facility in Cuba. He has also signed six other Bills.  With this signing 52nd National Defense Authorization Act has been converted into a law.

The US Congress now has time till 15 January 2014 to pass the fiscal spending bill of 1.012 trillion dollar for 2014. Top four Republicans in the Senate, who are in the minority in the upper chamber has voted to block the consideration of the budget Bill.

The bill aims to shave up to 23 billion dollars from the nation's 642 billion dollars annual budget deficit. It also rolls back 63 billion dollars in military and domestic spending cuts automatically imposed in January when Democrats and Republicans failed to reach a budget compromise.

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