FINANCIAL TIMES: A US budget deal hailed as lifting the cloud of political dysfunction hanging over the world’s largest economy cleared the House of Representatives with overwhelming support on Thursday evening, as leaders of both parties quashed dissent within their ranks.
The legislation was passed by a margin of 332 to 94 and will head to the Senate for a final vote next week. If it is approved by the upper chamber of Congress, it will be signed into law by Barack Obama, who supports the measure…
The vote marks a victory for Republican leaders in Washington who – nudged by their allies in corporate America – took a turn towards compromise in defiance of Tea Party groups and conservative activists who were pushing for a tougher line… (more)
