Note: This post originally ran at the Institute to Reduce Spending.
This week, the House and Senate have been crafting their drafts of a 2018 budget resolution, but the two chambers still have a ways to go in order to reach an agreement.
The House budget seeks to cut Medicare and Medicaid by $473 billion and $1 trillion over the next decade, respectively. In addition, it would find savings from entitlement programs such as food stamps and student loan programs.
The Senate’s plan would keep defense spending flat over the next 10 years, while cutting $5.1 trillion in domestic spending.
Senator Bob Corker (R-TN) expressed his discontent with what seems to be a Senate budget that will add $1.5 trillion to the deficit, saying that the debt, “is the greatest threat to our nation.”
Congress will have to iron out the details by their December 9th deadline to pass the budget resolution. The 52 Republicans in the Senate will require support from Democrats in order to reach the 60 vote threshold to send the legislation to the President’s desk.