All Articles Tagged "Republican compromise"
President Obama Unveils 2012 budget
President Obama sent Congress a $3.73 trillion dollar budget today that proposes spending cuts and tax increases to tackle the deficits. Obama called said the plan was one of “tough choices and sacrifices.” If passed, the budget would cut the deficits by $1.1 trillion dollars over ten years.
The plan would also add nearly $8 billion to the deficit in 2012 because the savings would be devoted to increased spending in education, clean energy and high-speed rail.
