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Steve Israel

President Obama signs massive year-end tax cut and spending package

President Obama signs massive year-end tax cut and spending package

Congress gave final approval Friday to one of the most ambitious legislative packages in years — a $1.1-trillion funding bill, up to $680 billion in tax breaks and dozens of other substantial policy initiatives.

The measure, which averts another shutdown and keeps the federal government running through September, was sent to President Obama, who signed it into law.

“I do want to thank Congress for ending the year on a high note,” Obama said at a news conference after lawmakers voted on the deal. “I’m not wowed about everything in it — I’m sure that’s true for everybody — but it is a budget that, as I...

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