Senate GOP Budget Cuts Less Than House, Balances in Decade

March 19, 2015
  • Industry News

Senate Republicans released a budget Wednesday that would balance in 10 years and cut spending by $5.1 trillion over the next decade.

The blueprint from Senate Budget Committee Chairman Mike Enzi (R-Wyo.) differs greatly from a House GOP blueprint introduced a day earlier that balances in nine years and cuts $5.5 trillion in spending.

Most notably, the Senate GOP budget only provides $58 billion for a war spending account known as the overseas contingency operations (OCO) fund, much less than the $90 billion included in the House GOP budget.

The Senate blueprint also imposes a 60-vote point of order against any legislation requesting more than $58 billion for the war fund. That would set a high hurdle for legislation requesting a total above that threshold and could provide the Senate with leverage in negotiations with the House.

Read more at The Hill: http://thehill.com/policy/finance/236129-senate-gop-budget-cuts-less-than-house-balances-in-decade