House Republicans Propose Balanced Budget in a Decade Through Cuts

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Representative Thomas "Tom" Price, a Republican from Georgia, speaks to reporters after a House Republican Conference meeting at the U.S. Capitol Building in Washington, D.C., U.S., on Tuesday, Dec. 2, 2014.

Photographer: Andrew Harrer/Bloomberg

U.S. House Republicans propose to balance the federal budget in less than 10 years by cutting spending by $5.5 trillion without raising taxes, the chamber’s budget committee chairman said Tuesday in an opinion article.

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