WASHINGTON (AP) -- House Budget Committee Chairman Paul Ryan is rolling out an updated budget plan that would slash $5.1 trillion in federal spending over the coming decade. The Republican proposal also would balance the government's books by cutting food stamps, health care for the poor and working class, and programs like Pell Grants for low-income college students and pensions for federal workers.
Ryan's plan steers away from cuts to benefits for senior citizens, at least in the short term, but reprises a voucher-like Medicare program for future retirees that provides the basis for GOP claims that the measure would drive down government debt over the long term.
The plan promises a balanced budget within a decade and should skate through the Budget Committee on Wednesday. Floor action next week is less certain.