House Republicans Proposing “Hybrid Spending Bill” to Restore $7 Billion In Sequestration Defense Spending Cuts

by Colonel on March 4, 2013

“House Republicans are proposing this week to restore upward of $7 billion to operations and maintenance accounts for the four military services hit hard by the automatic cuts that went into effect Friday night.

That’s the bottom line driving a hybrid spending bill to be unveiled Monday and intended to replace the stopgap continuing resolution or CR due to expire March 27.

One option … would be to rearrange the pieces of Obama’s “grand bargain” proposals to put savings first and then add revenues in tax reform.

Indeed, Obama has put $900 billion in 10-year savings on the table, which roughly matches the $960 billion left to sequestration at this stage. The president has said repeatedly he is committed to this package, which includes about $200 billion in appropriations cuts.

” — David Rogers, Copyright 2013 Politico LLC

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