Energy bill faces steep cuts to stay alive in Congress
The Bush administration presses Republicans to trim a $31 billion energy bill by stripping direct spending and tax breaks. House passed the measure, but Senate opposition cites bill’s $23 billion in tax breaks and $8 billion in spending. Negotiations continue as lawmakers weigh must cut costs without losing votes and balanced support.
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Pete Domenici
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Charles Grassley
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GOP seeks deeper cuts for new federal budget
Republicans pressured the White House in Philadelphia to endorse deeper spending cuts than President Bush’s forthcoming budget. They urged reductions while the plan seeks AIDS aid abroad and a modest education rise, with a Pentagon request of 401.7 billion and defense emphasis amid deficit estimates around 521 billion for the year.
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Joshua Bolton
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John Shadegg
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Pentagon seeks hike for missile defense budget
The Bush administration seeks a larger missile defense spend next year with the Missile Defense Agency requesting 9.14 billion, about 20 percent above 2004. The overall defense budget would total 401.7 billion, supporting personnel growth while cutting new weapons procurement to 74.9 billion.
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