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US Senate narrowly passes first budget in 4 years

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Reuters WASHINGTON
Last Updated : Mar 23 2013 | 3:20 PM IST

WASHINGTON (Reuters) - The U.S. Senate on Saturday narrowly passed its first federal budget in four years, a move that will usher in a relative lull in Washington's fiscal wars until an anticipated summer showdown over raising the debt ceiling.

The Senate budget plan passed on a 50-49 vote in the Democratic-controlled chamber. Four Democratic senators facing re-election in 2014 joined all Senate Republicans in opposing the measure, which seeks to raise nearly $1 trillion in new tax revenues by closing some tax breaks for the wealthy. (Editing by Louise Ireland)

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First Published: Mar 23 2013 | 3:03 PM IST

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