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OMB Report for Fiscal Year 2015

from WhiteHouse.gov

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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