US House OKs $5.5T 10-year budget cut

WASHINGTON, D.C.: The House of Representatives approved a US budget on Wednesday (Thursday in Manila) that shaves $5.5 trillion in spending over a decade, repeals the Obamacare health law and eliminates the federal deficit in nine years without raising taxes.

However, the nearly $3.8 trillion budget for 2016 includes an extra $20 billion in military funding,