House Republican leaders’ longpromised plan to balance the budget relies on slowing the growth of Medicare and Medicaid, elimination of three Cabinet-level agencies and the closing of numerous tax loopholes.
The measure was described by House members who attended a three-day strategy retreat in Leesburg, Va., that ended Friday. The House Budget Committee plans to vote on the plan Wednesday.
sponsored Jargon is confusing, by definition. And the financial world has its own set of cryptic words.