AKIPRESS.COM - The U.S. Senate has passed a bill that proposes deep cuts to the federal budget, setting up a fight between congressional Republicans and Democratic President Barack Obama, Voice of America reports.

At an all-night session that lasted until early Friday, senators passed their version of a balanced budget plan that proposes $5.1 trillion in spending cuts over the next decade. Much of the savings would come by cutting healthcare, and funding for the military would increase.

The Senate 2016 budget plan is similar to one approved earlier this week by the House of Representatives that would balance the budget in nine years. The two Republican-controlled bodies will work out the differences between the proposals in two weeks when a congressional recess ends.

The Republican plans are likely to be opposed by President Obama, who in February put forward a nearly $4 trillion budget that would raise taxes and spend large amounts on improving U.S. infrastructure.

However, Obama's and the Republicans' plans were similar when it comes to defense spending.