US Senate panel cuts military, foreign aid funds (defies Dimson)

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-06-22T192136Z_01_N22414421_RTRIDST_0_ARMS-CONGRESS.XML

WASHINGTON, June 22 (Reuters) - A Senate panel defied President George W. Bush on Thursday by voting to cut nearly $11.5 billion from the administration's budget requests for the Pentagon and foreign aid and shift that money to domestic programs.

The Senate Appropriations Committee voted 15-13, along party lines, on the plan to carve up nearly $873 billion in funds for an array of government programs in the fiscal year starting on Oct. 1.

A new focus on adding funds for social programs comes during an election year in which many moderate Republicans fear voter backlash following domestic spending cuts. But the House of Representatives might not go along.

Democrats, objecting to overall Republican priorities that they say are inadequate to meet the nation's needs, opposed the funding allocations.

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The White House is likely to threaten to veto such a bill. Last week, after the House of Representatives shifted $4 billion from the Pentagon's budget to non-defense spending, the White House threatened to veto a final bill if it had deeper cuts.

...more...

an appointment with Gannon...if he isn't too busy serving other Rethugs.

Sorry...I'm not being very lady like...but bush* isn't being very manly.