Obama: Budget Forces Govt. to Live within Means

Tuesday, 15 Feb 2011 11:37 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — President Barack Obama says the 2012 budget he unveiled Monday will force the government to live within its means while still investing in the future

Obama told a news conference Tuesday that the $3.73 trillion budget he sent Congress will help meet his goal of cutting the deficit in half by the end of his first term.

Republicans are calling for deeper cuts, saying they want a budget that would shrink the size of government to where it was before Obama took office.

The fiscal blueprint largely ignores Obama's own deficit commission's view that huge entitlement programs like Social Security and Medicare must be slashed in order to restore the nation's fiscal health.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

WASHINGTON (AP) — Seeking to command the debate over his newly announced budget, President Barack Obama will hold a news conference at the White House Tuesday.

The hastily announced question and answer session comes a day after Obama unveiled his $3.73 trillion budget for 2012, which would freeze or reduce some safety-net programs for the nation's poor, but increase spending for schools, clean energy and airport sectors. Republicans, eager to please their conservative tea party supporters, are demanding deeper cuts, and a budget that would shrink the size of government to where it was before Obama took office.

The president was expected to make the case for his budget plan in opening remarks before taking questions from reporters. Tuesday's news conference will be Obama's first of the year, and the first full-scale question and answer session he's held in two months.

The fiscal blueprint Obama announced Monday mixes tax increases on the wealthy and some businesses, a five-year freeze on most domestic programs, and boosts for elementary schools, clean energy and airport security.

Following his party's sweeping defeats in the November elections, Obama pledged to refocus his agenda on the economy and creating jobs. He used last month's State of the Union address to lay out an agenda that he said would spur job growth in the short-term and increase U.S. competitiveness in the future.

But the president's domestic agenda has been overshadowed in recent weeks by events in Egypt, where protesters forced the resignation of longtime President Hosni Mubarak. Obama is likely to face questions on the situation there, as the U.S. has pledged to offer support, including financial backing, to Egypt as it works toward holding democratic elections.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Bipartisan Support for Ebola Travel Ban Growing in House

Monday, 20 Oct 2014 21:17 PM

Although the director of the Centers for Disease Control and Prevention and several prominent Republicans in Congress ha . . .

Obama Disagrees With Ginsburg on Getting Replacement Confirmed

Monday, 20 Oct 2014 20:55 PM

President Barack Obama takes exception to Supreme Court Justice Ruth Bader Ginsburg's assessment of his political weakne . . .

Michele Bachmann Gets Security Detail After Threat From ISIS

Monday, 20 Oct 2014 20:47 PM

Rep. Michele Bachmann has been given a 24-hour security detail based on a threat from the Islamic State (ISIS), Politico . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved