Story by the Associated Press; curated by Oliver Darcy.
WASHINGTON (AP) — The Republican-controlled Senate has approved a balanced-budget plan that calls for trillions in spending cuts and repeal of the controversial health care law to erase red ink by the end of the coming decade.
Senate approves budget 52-46 after 15 hrs of voting. Sens Cruz and Paul are sole GOP nays. Cruz already running for prez. Paul soon.— Chad Pergram (@Chad Pergram)1427441696.0
The vote was 52-46 after a marathon session lasting until after 3 a.m. The House approved a slightly different version Wednesday night on a similar party-line vote.
Senate does not approve House-engineered change in Medicare reimbursement called doc fix. Has the votes. But will do it in mid-April.— Chad Pergram (@Chad Pergram)1427441761.0
"Doc fix" for Medicare technically expires March 31. Senate on 2-wk break. Doc fix can float a little without action.— Chad Pergram (@Chad Pergram)1427441828.0
Next up are compromise budget talks between the two houses, after which lawmakers will begin writing legislation to translate the non-binding plan into specific proposals that are likely to spark a struggle with President Barack Obama.
The Senate blueprint envisions about $5 trillion in spending cuts, and an overhaul of the tax code as well as repeal of the health care law.