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Showing posts with label billion dollars. Show all posts
Showing posts with label billion dollars. Show all posts

Sunday, February 20, 2011

U.S. House votes to cut budget by 61.5 billion dollars


WASHINGTON, Feb. 19 (Xinhua) -- The U.S. House of Representatives approved to cut 61.5 billion dollars from government programs in fiscal year 2011 ending September, as the Republican-chontrolled chamber vowed to shrink the size of government.
The vote, of 235 to 189, now goes to the Senate, where Democratic majority have made it clear they view the House cuts as extreme, saying they want to keep spending at the current levels.
The bill would slash spending on many domestic programs by 14 percent, but leave untouched some of the biggest budget items including the Social Security pension program and the Medicare and Medicaid healthcare programs for the elderly and poor.

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