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U.S. House Republicans on Tuesday unveiled a budget that seeks to eliminate deficits by 2024 through deep cuts to social safety net programs, domestic spending and another attempt at repealing "Obamacare" health reforms. The plan from House Budget Committee Chairman Tom Price proposes $5.468 trillion in spending cuts and interest savings over 10 years compared to current tax and spending policies. To gain support in a divided Republican caucus, Price's plan nominally adheres to "sequester" spending caps next year but seeks to boost U.S. military spending by adding nearly $40 billion to an off-budget war funding account. Some 70 Republicans had signaled they would reject their party's budget if it failed to at least match Democratic President Barack Obama's $561 billion base military budget request.
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