US House Panel Approves Republicans' Fiscal 2018 Budget Resolution

The US House of Representatives’ budget committee voted late on Wednesday for a fiscal year 2018 budget resolution that seeks to reform taxes and reduce Medicaid coverage, among other initiatives to cut spending.

MOSCOW (Sputnik) — The budget proposal was backed by 44 representatives and rejected by 12 other panelists, according to a video of the roll call vote posted on the committee’s website.

The resolution’s ultimate goal is to draw a path toward a balanced budget within the next ten years without raising taxes in order to tackle the federal government’s excessive spending.