But no money for health care, infrastructure, or schools, America.
Oh, yeah, and you have to fork over $700 BILLION or the economy will implode like a WTC tower on 9/11!!
"House Passes Funding Bill With Loans For Automakers
WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday funded a $25 billion loan package for troubled automakers as part of a mammoth spending bill to keep the government running through March 2009, but the legislation did not extend a ban on offshore oil drilling.
Where is my damn loan package?
Also see: Big Three Auto Makers Next in Line For Bailout
The spending bill, which passed by a vote of 370 to 58, is needed to keep the government operating after the fiscal year expires on September 30. It is expected to pass the Senate.
The bill sets aside $7.5 billion in taxpayer funds needed to guarantee $25 billion in low-interest loans to help struggling General Motors Corp., Ford Motor Co. and Chrysler LLC produce more fuel-efficient cars and trucks.
It provides full-year funding through September 30, 2009 for three large, politically sensitive areas: defense, domestic security programs and expanded veterans' benefits. The $488 billion provided for the Pentagon is less than the $492 billion sought by President George W. Bush.
However, it does not include new funding for the ongoing wars in Iraq and Afghanistan. Congress would have to confront that issue when existing funds for those wars run out in mid-2009.
Separately on Wednesday, the House approved a $600 billion defense policy bill for fiscal 2009 that would authorize about $70 billion in new funding for the Iraq and Afghanistan wars. It also authorizes funding for part of a U.S. missile shield in Europe, a system that has drawn strong criticism from Moscow.
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