House cancels vote on bill to raise federal spending caps Leadership from the U.S. House canceled a vote on a bill April 9 that would raise the federal spending caps for fiscal year 2020. The cancellation comes amid disagreement between moderate Democrats, who say the increase is too high, and progressive Democrats, who say it is too low. House leaders are now negotiating with their U.S. Senate counterparts for a bipartisan solution to increase federal spending caps. Read more here….
Today, U.S. House Republicans released their 10-year budget plan. Similar to recent budgets, this plan proposes to balance the federal budget in eight years. And similar to previous plans, this balance is achieved through spending cuts and reforms to mandatory spending programs such as Medicare.