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House Approves $3.8T Budget Blueprint

CapitolDomeThe U.S. House voted 228-199 Wednesday to pass a fiscal 2016 budget plan that includes an extra $20 billion for overseas contingency operations spending, the New York Times reported Thursday.

Jonathan Weisman writes the Republican-crafted budget would increase the OCO funding allocation to $96 billion without a requirement to offset the proposed $20 billion increase through cuts in other programs.

The spending blueprint also seeks to reduce the U.S. deficit by $5.5 trillion and balance the federal budget within a decade, according to the newspaper.

John Bennett reported for Defense News that the House-approved $3.8 trillion budget proposal offers a total of $568 billion in defense base and war spending for the next fiscal year.

A Senate version of the 2016 budget resolution includes an $89 billion OCO fund and could come up for a floor vote on late Thursday or early Friday, according to Bennett’s article.

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