House GOP releases FY 2011 spending bill

House Republicans on Friday night released H.R. 1, the spending bill for the remainder of fiscal year 2011. The House Rules Committee will meet on Monday at 5 p.m. in order to consider this bill, and also to consider an oversight plan for the Rules Committee.

House Majority Leader Eric Cantor (R-Va.) said the House would begin debate on the bill on Tuesday.

The House Appropriations Committee said the bill contains the $100 billion in cuts that many House Republicans wanted, and that the bill is the first step to further cutting. The committee provided a summary of the sweeping cuts on their homepage tonight.