U.S. House passes plan spending cut

House Budget Committee Chairman Paul Ryan introduced the draft budget, the House of representatives adopted a budget 2012 plan which aims to reduce $ 6.2 billion (￡ 3 8tn) in the spending of the Government for the next decade.

The plan, introduced by the Republican Paul Ryan, would cut programs of health and social care for the poor and require seniors to pay more for their health care than currently.

The adopted Bill the House under Republican control in a vote of 235-193.

The proposal should not be through the Democratic Senate.

The Bill, which covers the fiscal year that begins October 1, would turn Medicare - a program in which the Government pays medical expenses for elderly people - in a system of coupons that subsidize purchases of private insurance plans.

It would also cut taxes for the rich, a conservative move tax say will boost the economic growth of the country.

No Democrats in the House supported the Bill on Friday; four Republicans also rejected the proposal.

Thursday, the US Congress adopted a budget law stiff $38. 5bn (￡ 23 more) to the Government of spending the rest of the current fiscal year to September 30.

The President Barack Obama, who, in a policy speech on Wednesday, called for increasing taxes on the rich, and changes to social programs signed the Bill Friday.

The blockade plan.

Mr. Obama has promised to block the major elements of bill expenses. 2tn of the $6 of Mr. Ryan, including those relating to the costs of health care for the elderly.

But the President said Friday that a compromise with Republicans on spending reduction would be necessary to obtain support in Congress to raise the ceiling of the U.S. debt and avoid an economic crisis.

"I think that it is quite right that this will not happen without some budgetary expenditures," Mr Obama told Associated Press News Agency, referring downward supported by Chairman John Boehner House.

He added that the world could plunge into a new recession if the cap on the United States can borrow money is not raised in the next few weeks, until the limit of current debt of $14. 3tn is reached.

Mr. Obama has urged immediate action, saying that the United States should not bring about a deadline that would destabilize financial markets.

He said he was convinced Congress would finally raise the limit, saying that past legislators could potentially act is in early July.

But the fiscal conservatives have said they will not vote to increase the ceiling of the debt without a significant gesture towards a reduction of the deficit in the long term.