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House passes budget framework, sets up huge funding battles
Senate Majority Leader John Thune speaking at a press conference at the US Capitol in Washington, D.C.
ZUMA Press Wire via Reuters Connect
The US House narrowly passed the Senate-approved budget blueprint Thursday, by a vote of 216-214. The vote unleashes the power to sidestep filibusters and deliver a funding bill to the president’s desk this summer.
The tight margin was secured through a mix of White House pressure and a public commitment from Senate Majority Leader John Thune, who appeased budget hawks by pledging to cut at least $1.5 trillion in the final legislation.
What now? This is just a rough sketch – lawmakers must now decide what specific items will, and won’t, make it into the final bill.
According to the agreed-upon framework, Republicans can boost military spending by $150 billion and add $175 billion for border security and immigration enforcement.
The brewing battle: How to find the $1.5 trillion in cuts that were promised to conservative hardliners. It’s a target that appears virtually impossible to hit without touching Medicaid or other entitlement benefits, moves that would be deeply unpopular among a large majority of Americans.With the US leading production and China driving new reactor development, Bank of America breaks down the who, what, where, when, and why behind nuclear’s return. Stay ahead of global energy trends with Bank of America Institute.
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