WASHINGTON — Congress sent a broad funding bill to President Obama on Thursday, locking into place steep budget cuts this year that will mean a reduction to a wide swath of programs, including the wool trust fund and payments to U.S. wool manufacturers, and could impair ongoing trade negotiations and enforcement of trade cases, and slow down cargo moving through the nation’s ports.
The Senate on Wednesday, followed by the House on Thursday, passed a budget to keep federal agencies running through the fiscal 2013 budget year that ends Sept. 30. Obama is expected to sign the legislation into law.
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