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Congress approves $3.55 trillion budget for 2010

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Voting along party lines Congress approved its $3.55 trillion budget for the fiscal year 2010. The House of Representatives voted 233 to 199 in favor and the Senate voted 55-43 in favor with two Democrats, Senators Ben Nelson and Evan Bayh voting against.it.

It is expected that the deficit will run $1.8 trillion in 2009 and drop to $1.4 trillion in 2010. Obama has been criticized for raising the deficit to $9.3 trillion over 10 years. Lawmakers aware of this dropped a signature tax break and approved only vague language on health care reform.

There are still details to be worked out but the House measure included a provision that would fast track Obama's legislation on health care reform. The key battle will be over health care when budget negotiators try to write their compromise.Obama wants to control health care costs and insure millions of Americans now without coverage.

On Education, funding would be increased for early learning and college tuition.

What programs would you add to Congress' budget?

On taxes, the Senate and House budgets would continue some tax cuts for the middle class while allowing some taxes on the wealthy to rise.

Now it will be up to both Houses to hammer out the final details of the final budget document.

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Last updated: November 24, 2009: 08:25 AM

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