Senate Passes Bill to Prevent Gov’t Shutdown

by InvestorPlace Staff | September 24, 2012 9:25 am

[1]The Senate burned the midnight oil on Saturday night, finally passing[2] the six-month spending bill the House previously passed on Sept. 13[3]. The bill will place funding at $1.047 trillion over that time.

The measure, which will carry government spending past a potential Sept. 30 shut-down date, through the election in November and into next spring, won by a 62-30 vote. But there were quite a few hiccups in the process of getting the bill through.

Votes on other bills scheduled for Saturday evening ended up delayed over Senate Majority Leader Harry Reid’s insistence on a procedural vote for a bill that would help embattled Montana Sen. Jon Tester[4]. Reid got his way, but it ended up pushing other votes back past midnight.

There was also tension over a vote on a proposal by Sen. Rand Paul, R-Ky., to suspend aid to Egypt, Libya, and Pakistan in response to recent attacks on embassies and the imprisonment of a Pakistani doctor who helped locate Osama bin Laden. This put Paul at odds with both Democrats and the more mainstream wing of the Republican party. The proposal was defeated 81-10.

Eventually, though, the Senate managed to pass the spending bill and avoid a government shutdown, though not without a few bruised egos. The bill has been sent on to President Barack Obama’s desk for signing.

— Benjamin Nanamaker, InvestorPolitics Editor

The opinions contained in this column are solely those of the writer.

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