Avoiding a government shutdown, the U.S. House of Representatives passed a federal spending bill on Thursday night.
The legislation, which had become known as a "CRomnibus," passed with a vote of 219 to 206. This result, for which both House Speaker John Boehner and President Barack Obama advocated, came after the original 2 p.m. vote was deferred over seven hours so lawmakers could drum up support for the bill.
U.S. futures pared their losses by half after the vote passed.
The House's $1.1 trillion spending bill posed a problem for many Democrats, who want to pass legislation to keep the government running, but may also take issue with some of its stipulations. Among the attachments to the bill are a rollback of Dodd-Frank banking reforms and McCain-Feingold campaign finance regulation.
Despite Obama's indication that he would support the legislation's passage, House Minority Lead sent a message to her Democratic colleagues explaining that she would be voting against the measure.
Some Republicans also found reason to criticize the bill, as it does not include any language that would roll back President Barack Obama's immigration actions or his health care law.
The spending bill will keep most federal agencies funded through September 2015, except for the Department of Homeland Security (DHS), which only received an extension only through Feb. 27.
—The Associated Press and Reuters contributed to this report.