Sunday, 22 April, 2018

Trump signs omnibus spending bill

McConnell Trump Ryan Evan Vucci AP
Jean Garcia | 26 March, 2018, 01:23

The Republican-controlled House narrowly approved a measure allowing the bill to go forward as lawmakers struggle to meet a Friday night deadline to fund the government or face a federal shutdown.

President Donald Trump signed a $1.3 trillion omnibus spending bill on Friday in the Diplomatic Reception Room of the White House.

After several minutes of remarks, in which Trump at one point stepped aside to allow Commerce Secretary Wilbur RossWilbur Louis RossTrump will delay steel tariffs for European Union, others Once on chopping block, Trump's budget puts development finance in overdrive Countries scramble to win exemptions from steel tariffs MORE to talk about tariffs, the president finally acknowledged that he had signed the bill.

"You tell me who can read that quickly", Trump said, looking over at the stack of paperwork. "It's only hours old".

"So, if we take something for the military, they want something for, in many cases, things that are really a wasted sum of money".

The Walmart Inc (WMT) Position Increased by WASHINGTON TRUST Co
After $0.03 actual EPS reported by 2U, Inc. for the previous quarter, Wall Street now forecasts -1,000.00% negative EPS growth. USA stocks surged on Friday, pushing the Nasdaq composite to a record, after February jobs growth far exceeded expectations.

Trump also asked Congress to eliminate the Senate filibuster rule and to provide him with line-item veto authority for government spending bills.

Backers of the CLOUD Act, which would change the way the federal government deals with foreign law enforcement requests for user information held by USA tech companies, are excited that Congress has attached the bill to this week's must-pass spending bill.

The White House on Thursday said Trump would support the bill, despite opposition from conservatives over some of the provisions included in the legislation, like a lack of full funding for Trump's wall.

Trump said spending cuts over the course of the Obama administration jeopardized America's military readiness, but he sees his highest duty being to "keep America safe".

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