U.S. Senator Bob Corker walks inside the U.S. Capitol in Washington

Republican budget seeks to boost defense spending, ease repeal of Obamacare

U.S. Senator Bob Corker walks inside the U.S. Capitol in WashingtonBy David Lawder WASHINGTON (Reuters) – Republicans unveiled the first joint House-Senate budget plan in six years on Wednesday, aiming to boost defense spending, eliminate deficits by 2024 and ease a repeal of President Barack Obama’s signature health care reform law. Their prescription to slash domestic spending by more than $5 trillion over 10 years appeared headed for final passage by Friday or early next week after endorsement was secured from Republican Senator Bob Corker. The document directs the two Senate committees and three House committees with jurisdiction over the law to find savings of at least $1 billion each. Repeal or replacement of Obamacare has long been a goal for Republicans, and budget procedural tools allow them to pass such legislation with only a simple majority in the Senate, rather than a nearly impossible 60-vote threshold.

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