FEHBP Open Season Countdown. Check out our Open Season Resource Center. Open Season is over!
Sponsored By

Julie Z Test Story title

The House is planning a 2012 budget that will cut spending to below 2008 levels, Reuters reports.

Also, a budget plan for the remainder of the current 2011 fiscal year would trim $60 billion — down from the $100 billion Republicans originally wanted to trim.

The cuts follow election promises by Republicans to cut spending — except for defense, veterans and national security — to 2008 levels to curb the $1.3 trillion deficit, Reuters reports.

Reuters also reports that House Majority Leader Eric Cantor (R-Va.) says he is optimistic that Democrats will work with Republicans on spending cuts and tax reform.

Government shutdown Friday at midnight. Get the latest budget news.

Earlier this week, Cantor said his party would aim to introduce a bill a week to cut federal spending.