Budget reconciliation bills pass House, Senate; entitlements slated for largest cuts

Article Abstract:

The Senate and the House passed different versions of the FY 1996 federal budget in late Oct 1995, and the final bill will be drawn up in the reconciliation process. Both versions called for $270 billion in Medicare cuts. Pres Clinton has vowed to veto the final bill.

Finance, Medicare

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Clinton vetoes Republican reconciliation bill

Article Abstract:

Pres Clinton vetoed the Republican budget bill as both the president and Congress struggled to find a compromise in the federal budget impasse. While both sides say they want to balance the budget by 2002, there are big differences as to how to go about it.

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House, Senate committees pass balanced-budget plans

Article Abstract:

Budget resolutions passed in both the House and Senate would cut federal spending significantly and balance the federal budget by 2002. The resolutions are part of the Republican strategy to significantly reduce the role of the federal government.

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