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House Passes Sequestration Replacement Bill, Targeting Defense Cuts

By a largely party-line vote, the House passed a bill to replace defense cuts required under sequestration with cuts to social programs, The Hill newspaper’s Erik Wasson reports.

In the 218-199 vote, 16 Republicans voted no to the Sequester Replacement Reconciliation Act and all Democrats opposed it.

Nearly $72 billion in cuts to the Pentagon’s budget would be canceled and $315 billion in new cuts would go to food stamps, Medicaid and other social programs.

Proposed cuts also would include all funding for the new Consumer Financial Protection Bureau and federal worker pay.

The legislation would reduce the deficit by $243 billion, Wasson reported.

Starting in 2013, $1.2 billion is set to be cut from the federal budget because the supercommittee could not come up with a deficit reduction plan.

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