House Republicans challenge debt limit
Washington lawmakers push to raise the debt ceiling with spending cuts, as Speaker Boehner and Republican leaders demand a down payment of about 35 billion dollars. President Obama and Senate Democrats favor action, while Treasury warns of a 14.29 trillion shortfall between March 37 and May 16 if the limit is not raised.
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Budget Debate Shapes US Military Spending Outlook
The Courier reports Rand Paul urging a full review of all government spending to avoid bankruptcy with a focus on food stamps and foreign wars. Gates proposes 43553 billion annually for defense programs including modernization and troop pay, 3 percent above inflation, with gradual slowdown and potential personnel cuts in the Army and Marines to save about 11 billion.
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