New U.S. Spending Bill to End Crude Oil Export Ban

Posted December 29, 2015 at 4:21pm

Bloomberg reports that “Congress passed a $1.1 trillion spending measure that averts a U.S. government shutdown and ends a 40- year-old ban on crude oil exports, a plan that ensures fiscal peace in Congress through most of 2016.”  

“The Senate passed the bill 65-33 today, shortly after a 316-113 House vote. The legislation, which will finance the government through September 2016, goes to President Barack Obama, who plans to sign it.”