U.S. House Votes 316 - 113 to Pass Tax, Spending Bill; Will Lift Ban on Crude Exports (USO) (OIL)

December 18, 2015 9:51 AM EST

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

(Updated - December 18, 2015 9:58 AM EST)

U.S. House votes 316 - 113 to pass tax, spending package.

UPDATE - The bill averts a government shutdown and also ends a 40-year ban on crude oil exports.

The bill -- which will finance the government through 2016 -- will now move to the Senate for a vote later today.

With the measure to lift the ban on crude exports, extensions of solar and wind energy tax credits will also be implemented.

Around $680 billion in tax breaks will also be revived, according to reports.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Commodities, ETFs, Insiders' Blog

Related Entities

Crude Oil