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Business / World Business

Talks on trillion-dollar US budget bill reach crucial stage

Published: 17 Mar 2018 - 04:17 pm | Last Updated: 02 Nov 2021 - 10:09 pm
FILE PHOTO: The U.S. Capitol Dome (L) building is pictured in Washington, DC, U.S. on October 4, 2013. REUTERS/Jonathan Ernst

FILE PHOTO: The U.S. Capitol Dome (L) building is pictured in Washington, DC, U.S. on October 4, 2013. REUTERS/Jonathan Ernst

By ANDREW TAYLOR | AP

WASHINGTON: Top-level congressional talks on a $1.3 trillion catchall spending bill are reaching a critical stage as negotiators confront immigration, abortion-related issues and a battle over a massive rail project.

The bipartisan measure is loaded with political and policy victories for both sides. Republicans and President Donald Trump are winning a long-sought budget increase for the Pentagon while Democrats obtain funding for infrastructure, the opioid crisis and a wide swath of domestic programs.

The bill would implement last month's big budget agreement, providing 10 percent increases for both the Pentagon and domestic agencies when compared with current levels. Coupled with last year's tax cut measure, it heralds the return of trillion-dollar budget deficits as soon as the budget year starting in October.