President Barack Obama plans to announce in next year's State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 - and will downplay other new domestic spending beyond jobs programs, according to top aides involved in the planning.
On the practical side, Obama has spent more money on new programs in nine months than Bill Clinton did in eight years, pushing the annual deficit to $1.4 trillion. This leaves little room for big spending initiatives.
Friday, November 13, 2009
After spending binge, White House says it will focus on deficits
From Reuters.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment