GOP-Controlled Senate Approves Balanced-Budget Plan With Trillions in Spending CutsStory by the Associated Press; curated by Oliver Darcy. — WASHINGTON (AP) — The Republican-controlled Senate has approved a balanced-budget plan that calls for trillions in spending cuts and repeal of the controversial health care law to erase red ink by the end of the coming decade.
The vote was 52-46 after a marathon session lasting until after 3 a.m. The House approved a slightly different version Wednesday night on a similar party-line vote.
Next up are compromise budget talks between the two houses, after which lawmakers will begin writing legislation to translate the non-binding plan into specific proposals that are likely to spark a struggle with President Barack Obama. The Senate blueprint envisions about $5 trillion in spending cuts, and an overhaul of the tax code as well as repeal of the health care law. © 2015 TheBlaze Inc |