Last week, the Senate approved a $2.8-trillion budget for fiscal year 2007 by a vote of 51-49. The budget doesn't require any cuts in farm programs as proposed by President Bush. The House plans to consider its budget resolution when Congress returns next week.
Congress also raised the debt ceiling to nearly $9 trillion. The national debt has increased by 46% over the past five years. This means that the national debt has increased in the past five years what it took the U.S. to accumulate as entire debt from when George Washington was President through 1988. -- P. Scott Shearer, Washington, D.C., correspondent