What deficit? House hopes to advance bill next week lifting spending caps
(Worthy News) – House Democrats next week hope to advance a two-year proposal that would raise caps on defense and domestic spending that were put in place in 2011 to reduce the debt.
House Budget Committee Chairman John Yarmuth, D-Ky., told the Washington Examiner “the odds are” his panel will vote next week to advance measure-busting caps that would otherwise limit domestic spending to $542 billion and defense spending to $576 billion for fiscal 2020.
Yarmuth could not disclose the higher top-line numbers but said domestic spending would outpace defense spending, which is in contrast to President Trump’s proposed 2020 budget that provides an overall $750 billion in military spending while keeping domestic spending at the caps level of $542 billion. [ Source: Washington Examiner (Read More…) ]
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