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U.S. House passes GOP budget for sharp spending cuts

Xinhua, March 26, 2015 Adjust font size:

The U.S. House of Representatives passed a budget for fiscal 2016 year in a 228-199 vote on Wednesday.

The budget, put forward by the House Republicans, will slash federal spending by 5.5 trillion U.S. dollars over 10 years, while increasing defense spending in fiscal year 2016 to 96 billion dollars, well above the White House's proposal.

Republicans are split over defense spending. Fiscal conservative Republicans want to keep the statutory spending caps, known as sequestration, while defense hawks want to boost military spending.

The U.S. Senate is expected to vote on its own GOP budget plan later this week. The two chambers will need to work out any differences. Endit