House Budget Promises Curbed Deficit Spending
09-08-2014
House Republicans passed a budget aimed at balancing the government's spending deficit Tuesday.
The budget, proposed by Sen. Paul Ryan, R-Wis., seeks wide-ranging cuts in programs like food stamps and government-paid health care.
The plan includes:
- $2 trillion of cuts over the next 10 years in health care subsidies and coverage under the Affordable Care Act,
- $732 billion in cuts to Medicaid and other health care programs, and
- Almost $1 trillion in cuts to other benefit programs like Pell grants and farm subsidies.
Although the budget cleared the House, it is expected to meet some major hurdles in the Democrat-controlled Senate.