U.S. House narrowly approves cuts to Medicaid, student loans
ASSOCIATED PRESS- Bush is anxious to sign the bill and move on to next year's budget cycle. On Feb. 6, he is to release his 2007 budget plan, which is likely to call for new cuts to benefits programs like farm subsidies, Medicaid, food stamps and Medicare. Many lawmakers and budget experts are skeptical of the chances for another budget-cut bill during an election year.
Republicans hailed the five-year, $39 billion budget-cutting bill as an important first step to restoring discipline on spending. Democrats attacked the measure as an assault on college students and Medicaid patients and said powerful Washington lobbyists had too much influence on it.
The measure is a leftover item from the GOP fall agenda. Bush is eager to sign it into law.
http://www.theolympian.com/apps/pbcs.dll/article?AID=/20060201/NEWS/60201068Bush to seek $70 bln for Iraq, Afghanistan wars: sources
Thu Feb 2, 2006
WASHINGTON (Reuters) - President George W. Bush will ask Congress for another $70 billion for the wars in Iraq and Afghanistan, congressional sources said on Thursday.
The sources said that money, which would come on top of about $330 billion for the wars so far, would be for this fiscal year. The White House likely will seek another $50 billion in emergency money in the fiscal 2007 defense spending bill for the wars, the sources said.
http://today.reuters.com/news/newsArticle.aspx?type=politicsNews&storyID=2006-02-02T180043Z_01_WAT004783_RTRUKOC_0_US-BUSH-IRAQ-FUNDS.xml