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US Congress presents budget plans US Congress presents budget plans
(40 minutes later)
The US Democratic-led Senate has passed plans designed to balance the budget by 2012, and which are opposed President George W Bush's fiscal blueprint.The US Democratic-led Senate has passed plans designed to balance the budget by 2012, and which are opposed President George W Bush's fiscal blueprint.
The non-binding plan would allow tax cuts to end within three years and keep some programmes Mr Bush wants to trim.The non-binding plan would allow tax cuts to end within three years and keep some programmes Mr Bush wants to trim.
The Senate vote followed a similar move by the House of Representatives, but the two plans must still be reconciled.The Senate vote followed a similar move by the House of Representatives, but the two plans must still be reconciled.
Mr Bush's $3 trillion (£1.5 trillion) budget plan would make some tax cuts permanent and curb domestic spending.Mr Bush's $3 trillion (£1.5 trillion) budget plan would make some tax cuts permanent and curb domestic spending.
The House of Representatives passed the budget plan by 212 votes to 207 votes.