Obama signs bill funding wars

The $106 billion spending bill also includes money to fight swine flu and a "cash for clunkers" program encouraging drivers to switch to more fuel-efficient cars. Obama says the spending is important and thanked Congress for putting politics aside.

Obama says the legislation will pay for winding down of the war in Iraq and defeating terrorists in Afghanistan.

The White House and its Democratic allies insist that this will be the last time Congress will be compelled to pass an emergency war bill that is outside the normal budget process and thus goes directly to an increase in the national debt.