Saturday, November 19, 2005

Republicans struggling to pass spending bills for FY 2006

Moderate republicans switched their votes to side with democrats who called the budget cuts proposed by the republican leadership to be too deep for some programs. They pointed to cuts in grants for college bound students, food stamps for children, and seniors. The federal governments fiscal year ends in October. The government has been passing temporary spending which allow federal agencies to operate at the previous years funding level. The proposed budget is approximately $2.2 Trillion dollars. Republicans proposed $50B in cuts for the next 5 years. Republicans had hoped to finish passing spending bills by Thanksgiving but were unable to and could be a point of contention when they reconvene in December. There is an estimated 20B dollar difference between the House and Senate in spending cuts.
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