The House of Representatives has just passed their version of the Fiscal Year 2010 Budget, which largely reflects the priorities the President has laid out in his own blueprint. The President released the following statement in response:
"Tonight, the House of Representatives took another step toward rebuilding our struggling economy. This budget resolution embraces our most fundamental priorities: an energy plan that will end our dependence on foreign oil and spur a new clean energy economy; an education system that will ensure our children will be able to compete in the economy of the 21st century; and health care reform that finally confronts the back-breaking costs plaguing families, businesses and government alike. And by making hard choices and challenging the old ways of doing business, we will cut in half the budget deficit we inherited within four years. With this vote comes an obligation to pursue our efforts to go through the budget line-by-line, searching for additional savings. Like the families we serve, we must cut the things we don't need to invest in those we do."
UPDATE: Late in the night, the Senate passed their version as well, with Vice President Biden presiding over the vote.