Regulations and Government
Congressional Observer: December 2005
• In view of the enormous funds allocated for hurricane relief ($62 billion to date with more to come) and a mounting budget deficit, President Bush and le

• In view of the enormous funds allocated for hurricane relief ($62 billion to date with more to come) and a mounting budget deficit, President Bush and legislators in both houses of Congress have been pushing programs that would reduce federal spending. Senate Republicans offered a plan that would cut $16 billion in discretionary non-defense, non-homeland security spending; impose a two-year delay in the full prescription drug benefit, raising Medicare costs for seniors who make more than $80,000 or $160,000 per couple; and defer cost-of-living pay boosts for all federal civilian employees.

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