United States Virginia change
Sri Lanka Breaking News
Sri Lanka parliament
vivalankaSri Lanka newsSri Lanka businessSri Lanka sportsSri Lanka technologySri Lanka travelSri Lanka videosSri Lanka eventssinhala newstamil newsSri Lanka business directory
vivalanka advertising
Stay Connected
Popular Searches
T20 World Cup
Sponsored Links
Sri Lanka Explorer

White House: Obama to lay out spending plan

Apr 10, 2011 9:43:00 PM - thestate.com
One budget deal down, President Barack Obama and Congress began to pivot Sunday from the painful standoff over this year's spending to a pair of defining debates over the nation's borrowing limit and the election-year budget.

Much will be revealed at midweek, when the House and Senate are expected to vote on a budget for the remainder of this fiscal year and Obama reveals his plan to reduce the deficit, in part by scaling back programs for seniors and the poor. Across the dial on Sunday, messengers from both parties framed the series of spending fights as debates over cuts - a thematic victory for House Republicans swept to power by a populist mandate for smaller, more austere government.

"We've had to bring this president kicking and screaming to the table to cut spending," said House Majority Leader Eric Cantor, R-Va., on "Fox News Sunday."

Presidential adviser David Plouffe said Obama has long been committed to finding ways for the nation to spend within its means. He confirmed that the president would unveil more specifics for deficit reduction with a speech Wednesday that would reveal plans to reduce the government's chief health programs for seniors and the poor.

"You're going to have to look at Medicare and Medicaid and see what kind of savings you can get," Obama adviser David Plouffe said Sunday on NBC's "Meet the Press."

USA, South Carolina: (Latest Stories)