House Committee Narrowly Approves GOP Budget Plan

The House Budget Committee approved the Republican proposal that calls for cutting $5.3 trillion from President Barack Obama's budget over the coming decade, including sweeping cuts to federal health care programs and social programs aimed at the poor. The GOP plan is nonbinding but calls for repealing Obama's health care law, while transforming Medicare into a system in which the government subsidizes purchases of health insurance on the private market instead of directly paying medical bills.

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