House Barely Passes Budget for 2015 Fiscal Year

The House of Representatives barely passed its fiscal year 2015 budget on a party-line vote. 

The budget offered by Congressman Paul Ryan (R-WI) is estimated to cut $5.1 trillion from federal programs over the next 10 years. 

The proposed budget includes repealing the Affordable Care (health care) program and deep cuts in various domestic programs. 

These include $125 billion dollars from the Supplemental Nutrition Assistance Program (SNAP or food stamps), $23 billion from mandatory agricultural programs, including crop insurance, student loan programs, Medicaid, education and others.

Since there was a two-year budget agreement reached between the House and Senate last December, the Senate is not expected to move forward on a budget this year.

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