Despite the distractions of war in Iraq, House lawmakers this week narrowly approved President Bush’s budget along party lines.

The measure includes nearly $550 billion in tax cuts through 2013, and raises the nation’s legal debt limit to nearly $1 trillion. The $2.27 trillion budget was approved by lawmakers 216-211.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access