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. Last Updated: 07/27/2016

Budget Vote Set

WASHINGTON () -- The U.S. Congress was set to vote Thursday on a spending blueprint aimed at balancing the budget in 2002 at the same time it cut taxes $245 billion.

"This budget is good for America and for the people of America," said Senate Budget Committee Chairman Pete Domenici, a Republican from New Mexico, as debate opened Wednesday on the compromise version of budgets that cleared each chamber in the spring.

The budget cuts $894 billion over the next seven years, with the biggest cutback -- about one-third -- coming from programs for the poor.