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FX.co ★ US Congress approves budget for fiscal 2017

US Congress approves budget for fiscal 2017

US Congress approves budget for fiscal 2017

The threat of the government shutdown was left behind after the US Congress reached a deal on spending bills for the 2017 fiscal year, which ends in September.

Earlier, US President Donald Trump refused to allocate funds for building a wall in the US-Mexican border. However, there some points left to be negotiated, including funding of Puerto Rico, health benefits for coal miners and an additional $30 billion for defense, from which only $12 billion was approved.

Initially, the Trump administration asked for $3 billion for border security measures, but Congress approved only $1.5 billion.

The bill must be also approved by the Senate before being signed by the president to become law. For now, there is a temporary bill that provides federal funding through May 5.

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