House Passes $3.8 Trillion Fiscal 2016 GOP Budget

The House passed a budget for fiscal year 2016 on Wednesday, notching a victory for the chamber’s embattled Republican leaders.

Source: www.wsj.com

House Republicans say the balanced-budget for a strong-America will erase the federal-deficit and cut federal-spending by $5,500,000,000,000 (-$5.5 tril) during a decade; while adding $96,000,000,000 (+$96 bil) to the defense expenditure (warchest).

Senate Republicans ‘not there yet’ on the budget, but we’re confident it will pass; U.S. Senator Lindsey Graham (S.C.) says.

The bill passes with a 228-199 vote; 17 Republicans voting against it. No Democrats voted for it.

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