This week, the House will take up Republican’s fiscal 2015 budget resolution (H.Con.Res. 96), which would cut $5.1 trillion in planned spending over the next ten years. The proposal from House Budget Committee Chairman Paul Ryan (R-WI) is designed to balance the federal budget in 10 years. Approved by the Budget Committee last Wednesday, the plan would revamp safety-net programs, offer a “premium support” alternative to Medicare, and repeal the Affordable Care Act (ACA). The House GOP budget resolution stands no chance of passing the Democratic-controlled Senate, which doesn’t plan to advance a budget plan.
In today's issue of Politico Morning Money, the financial tip-sheet highlights Thorn Run Partner’s and Jason Rosenstock’s analysis of what is going on in Congress.