House Unveils Spending Bill At Odds With Obama's Goals

Law360, New York (June 10, 2015, 1:20 PM EDT) -- Republicans in the U.S. House of Representatives on Wednesday unveiled a $20.2 billion fiscal 2016 financial services spending bill that is nearly $5 billion less than requested by the White House, would slash the IRS budget and change the Consumer Financial Protection Bureau's funding mechanism.

House Appropriations Committee Chairman Hal Rogers, pictured here in 2014. (Credit: AP) The spending bill sets up a fight with President Barack Obama by targeting several of his administration's top goals, including a ban on the Federal Communications Commission's attempts to implement net neutrality until litigation related to those rules is resolved and barring the IRS...

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