Summary Box: House rejects conservatives' budget

AP News
Posted: Mar 29, 2012 2:05 PM
Summary Box: House rejects conservatives' budget

BUDGETING TIME: The House rejected a budget backed by conservatives on Thursday and moved toward approval of a plan written by Republican leaders that would revamp Medicare and reject President Barack Obama's call to raise taxes on the wealthy.

CONSERVATIVE VIEW: The conservatives' package featured sharp reductions in planned spending for Medicaid and other domestic programs. It claims to reach a balanced budget in five years _ which most analysts consider unachievable.

BUDGET TO NOWEHERE: The main GOP blueprint was headed for all but certain House passage. It faces a demise that is just as sure in the Democratic-run Senate.