Senate Passes Budget Bill

Members of the Senate voted 51-47 Thursday to approve S. 1932, a 2006 budget bill that includes several measures of interest to the life insurance industry.

S. 1932, the Deficit Reduction Omnibus Reconciliation Act of 2005, is supposed to cut $35 billion in spending over 5 years.

Senate Passes Budget Bill
Source: National Underwriter (subscription required)

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