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Congress OKs 487.5 Billion Budget And 38.8 Billion Deficit
The Senate approved a two party compromise budget for fiscal 1979 by a 47 to 7 vote. The House had backed it 225 to 162. The plan calls for 487.5 billion in spending, 448.7 billion in taxes, and a 38.8 billion deficit, the first below 40 billion since 1974.
MENTIONED IN THIS ARTICLE
Congress
Washington
Senate
House
Robert C. Bryd
D-W.va
Senate Finance Committee
President Carter
Carter
Edmund S. Muskie
Maine
Senate Budget Committee
Senate House