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Senate passes FY 2014 budget resolution

March 25, 2013

The U.S. Senate Saturday voted 50-49 to pass a fiscal year 2014 budget resolution that would replace sequester cuts with $1.85 trillion in savings over 10 years through an equal combination of tax revenue increases and spending cuts. The cuts would include $275 billion in unspecified health care reductions, aimed at “further realigning incentives throughout the system, cutting waste and fraud, and seeking greater engagement across the health care system.” Earlier last week, the U.S. House of Representatives passed a separate FY 2014 budget resolution that would cut more than $4.6 trillion in government spending over the next 10 years. About $2.7 trillion of the spending reductions would come from health care.