The U.S. Capitol building is seen before President Barack Obama arrives to deliver his State of the Union address on Capitol Hill in Washington

Republicans pass deep spending cuts, aim at Obamacare

The U.S. Capitol building is seen before President Barack Obama arrives to deliver his State of the Union address on Capitol Hill in WashingtonBy David Lawder WASHINGTON (Reuters) – Republicans in the U.S. House of Representatives passed the first joint House-Senate budget plan in six years on Thursday, a measure that aids the party’s goal of dismantling President Barack Obama’s signature healthcare reform law this year. The Republican-authored plan would eliminate deficits by 2024 through deep cuts to social programs while increasing military spending by nearly $40 billion next year. It passed 226-197 with no Democrats supporting it and 14 Republicans opposing it. The Republican-controlled Senate is expected to pass the budget plan next week.

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