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Showing posts with label house spending agreement. Show all posts
Showing posts with label house spending agreement. Show all posts

Saturday, May 19, 2012

House breaks spending agreement



The National Defense Authorization Act authorizes $642 billion in defense spending next year. 
The White House has threatened to veto the bill, which passed 299 to 120
The measure also adds $8 billion more than called for in the Budget Control Act that Congress agreed to last summer in exchange for raising the nation's debt limit.
The House also wants to cut $80 billion in federal retirement benefits, nearly $50 billion from Medicaid programs and more than $36 billion from programs that feed the poor.
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