Thursday, July 26, 2007

Bush, Congress leaders to meet on spending showdown

(Reuters) - Both sides are uneasy about what lies ahead. Only two months remain before the start of a new fiscal year and Bush has threatened to veto several of the dozen annual spending bills that would pay for programs ranging from weapons and foreign aid to retiree benefits and domestic security.




A failure by Congress and the White House to work out these kinds of disagreements led to government shutdowns at least five times over the past 26 years, the most serious coming in late 1995 and early 1996, generating voter backlash.


Read more at Reuters.com Bonds News

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