House Republicans Unveil Alternative Budget
House Republican leaders unveiled their alternative to the proposed Democratic budget Wednesday, calling for $4.8 trillion less in overall spending over the next decade -- in part through a five-year freeze in most nondefense discretionary spending.
The GOP budget would repeal the entire $787 billion economic stimulus package except for an extension of unemployment insurance benefits. It also would roll back a recently passed 8 percent spending boost in the budget for the remainder of the current fiscal year.
