Congress Reaches Fiscal Agreement That Ends U.S. Oil Export Ban

December 16, 2015 9:00 AM

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Congress Reaches Fiscal Agreement That Ends U.S. Oil Export Ban

Congressional leaders unveiled a broad package of spending and tax legislation that would avert a U.S. government shutdown and lift the 40-year-old ban on crude oil exports.

House Speaker Paul Ryan told fellow Republicans in a closed-door meeting Tuesday night in Washington that leaders had reached a deal pairing a $1.1 trillion spending bill with a separate measure to revive a series of expired tax breaks. The spending bill would fund the government through September 2...

Also read: No Government Shutdown: Senate Passes Funding Bill After Democrats Back Down

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