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LinkBack | Thread Tools |
03-01-2009, 08:38 AM
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#1 (permalink) |
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Faugh a ballagh
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Combative Obama vows to fight for his budget
WASHINGTON, Feb 28 (Reuters) - A combative President Barack Obama warned on Saturday he was bracing for a fight against powerful lobbyists and special interests who sought to pick apart the $3.55 trillion budget he wants to advance his agenda of reform.
Obama's spending blueprint, with its massive $1.17 trillion deficit and tax hikes on the wealthy, seeks to squeeze billions of dollars in savings out of current spending through competitive bidding among health insurers and ending subsidies and tax breaks for banks, agribusiness and oil companies. "These steps won't sit well with the special interests and lobbyists who are invested in the old way of doing business," the president said in his weekly radio address. http://uk.reuters.com/article/market...36688820090228
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