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OMB Report for Fiscal Year 2015


The Office of Management and Budget's report calculates the amounts by which FY 2015 direct spending is required to be reduced and provides a listing of the reductions required. Specifically, OMB calculates reductions in FY 2015 of 2.0 percent to nonexempt Medicare spending, 7.3 percent to other non-exempt nondefense mandatory programs, and 9.5 percent to nonexempt defense mandatory programs. more

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