U.S. House Speaker John Boehner (R-OH) speaks at a news conference on Capitol Hill in Washington

Republicans reach deal for budget plan, target Obamacare

U.S. House Speaker John Boehner (R-OH) speaks at a news conference on Capitol Hill in WashingtonBy David Lawder WASHINGTON (Reuters) – Republican budget negotiators on Monday reached a compromise deal for the first joint House-Senate budget in six years, one that seeks to boost military spending while calling for deep cuts to social programs to eliminate deficits in a decade. Instead, it will focus on the use of budget procedural tools on repealing or replacing President Barack Obama’s signature health reform legislation, the aides said. As reported by Reuters last week, the compromise budget will exclude Representative Paul Ryan’s longstanding proposals to convert the Medicare health program for seniors to a system of subsidies for largely private health insurance.

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