2012 Budget proposal passes House

House Budget Committee Chairman Paul Ryan's 2012 budget proposal passed the House Friday by a vote of 235 to 193. Voting was mostly along party lines. House lawmakers also voted down additional budget proposals from House Democrats, the Congressional Progressive Caucus, the Conservative Republican Study Committee, the Congressional Black Caucus and moderate Democrat Jim Cooper of Tennessee.

It is likely the proposal will not see the light of day in the US Senate. The bill will, however, be a part of the larger fiscal spending discussion, along with the main Republican proposal and President Obama's own vision for long-term spending. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine and International Milling Directory from Perendale Publishers