House Republicans announce tax, spending deal that ends ban on oil exports

December 16, 2015 9:13 AM

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House Republicans announce tax, spending deal that ends ban on oil exports

House Republicans announced a deal Tuesday night between the GOP-led Congress and the White House on a trillion-dollar, year-end tax and spending package to fund the government through fiscal year 2016.

Capitol Hill lawmakers have worked overtime on the legislation, passing one temporary-spending resolution and needing a second after missing their initial Dec. 11 deadline, when the government technically ran out of money.

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