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More cuts coming as Congress, Obama boil down budget

Apr 11, 2011 8:43:00 PM - thestate.com
Look for cuts in high-speed rail, community-development projects and other social programs from the spending-reduction agreement between the White House and Congress.

Some of the cuts are already in effect; Congress will vote on the rest later in the week.

And that could be only the beginning. More dramatic reductions could be coming, as President Barack Obama and Republicans in the House of Representatives escalate their battle this week over how to slash government debt.

Obama plans to speak about his long-term plans Wednesday afternoon at George Washington University, while House Republicans are expected to debate and vote on their very different budget blueprint on Thursday or Friday.

“Obviously, you can expect that the president is feeling some pressure to do something given the changing climate,” said David M. Walker, a former U.S. comptroller general who now leads a group promoting fiscal responsibility.

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