Saturday, October 08, 2005

House GOP Vows Broad Cuts in Spending

House Republican leaders raised the stakes this week in a looming budgetary showdown, pledging to lift the target of entitlement cuts from $35 billion to $50 billion, impose across-the-board spending cuts and rescind spending already approved -- all to offset the cost of hurricane relief.

The move, announced at a closed-door meeting of House Republicans Thursday night, would cut tens of billions of dollars from entitlement programs for the poor, such as Medicaid, but could touch virtually every aspect of government.

House GOP Vows Broad Cuts in Spending

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