Obama’s budget includes new bailout, $1.75 trillion deficit
CBS News
02/26/09
President Barack Obama’s first budget projects this year’s deficit to soar to $1.75 trillion while also setting aside $250 billion more for additional financial industry rescue efforts on top of the $700 billion that Congress has already authorized, according to an official who spoke on the condition of anonymity before the formal release of the budget. … A senior administration official told The Associated Press that Obama’s $3 trillion-plus spending blueprint also asks Congress to raise taxes on the wealthy in 2011 and cut Medicare costs to provide health care for the uninsured...
http://adjix.com/4yu5
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=budget+deficit
http://freepage.twoday.net/search?q=bailout
02/26/09
President Barack Obama’s first budget projects this year’s deficit to soar to $1.75 trillion while also setting aside $250 billion more for additional financial industry rescue efforts on top of the $700 billion that Congress has already authorized, according to an official who spoke on the condition of anonymity before the formal release of the budget. … A senior administration official told The Associated Press that Obama’s $3 trillion-plus spending blueprint also asks Congress to raise taxes on the wealthy in 2011 and cut Medicare costs to provide health care for the uninsured...
http://adjix.com/4yu5
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=budget+deficit
http://freepage.twoday.net/search?q=bailout
rudkla - 27. Feb, 10:45
