News / USA

Obama Sends $3.7 Trillion Budget to Congress

President Barack Obama, flanked by US Education Secretary Arne Duncan, left, and Office of Management and Budget Director Jacob Lew, right, speaks at Parkville Middle School and Center of Technology, in Parkville, Maryland, February 14, 2011
President Barack Obama, flanked by US Education Secretary Arne Duncan, left, and Office of Management and Budget Director Jacob Lew, right, speaks at Parkville Middle School and Center of Technology, in Parkville, Maryland, February 14, 2011

U.S. President Barack Obama says his proposed 2012 federal budget reflects the need to start taking responsibility for federal deficits, but Republicans are saying it does not go far enough.

Obama sent his budget plan to Congress Monday, proposing to trim deficits by $1.1 trillion in the next decade.

The top Republican in the House of Representatives, John Boehner, criticized the proposal, saying it continues a "spending binge" and will cause more economic uncertainty and destroy jobs. He says the new Republican House majority will vote this week to cut tens of billions of dollars in discretionary spending over the next seven months.  

U.S. Secretary of State Hillary Clinton met with House Speaker Boehner on Monday.  House Republicans want drastic cuts to programs and agencies including the State Department. Clinton told reporters on Capitol Hill that the budget cuts House Republicans are proposing for the State Department for the remainder of the current fiscal year would endanger U.S. national security.

Obama said at a school in the eastern state of Maryland that his $3.7 trillion budget for fiscal year 2012 is on the path to meet his campaign promise of cutting the U.S. deficit in half by the end of his current term (2013).  

Republicans want domestic spending at the 2008 levels, the year before Obama took office, and have called for major cuts in many areas, including environmental protection, medical research and U.S. border enforcement.  

Republicans control the House of Representatives and Obama's Democrats retain control of the Senate, making for what is expected to be a protracted partisan battle over federal spending.

Obama said Monday his budget includes cuts on programs he cares deeply about as well as "essential" investments in innovation, education, high-speed rail and high-speed Internet.

It aims to cut the deficit by $400 billion in the next decade by freezing annual domestic spending.  It also proposes reductions or terminations for more than 200 federal programs at a savings of $33 billion, as well as trimming energy subsidies for the poor and some infrastructure programs.

The proposal includes a $78 billion cut in defense spending over the next five years, while calling for spending of $671 billion for defense in 2012, which is by far the world's largest military budget.

On unemployment, the budget predicts it to drop to 8.6 percent by next year, an improvement over the more than 9 percent rate seen in 2011.

Obama is also seeking to increase revenues by reducing tax breaks for the wealthiest Americans.  

A White House-appointed deficit commission recommended $4 trillion in savings with cuts to such social programs as the Social Security pension system and Medicare health insurance for the elderly. The president did not include those cuts in his proposal.

The federal government is currently operating on a temporary funding measure that expires early next month, as Congress has not yet approved a budget for fiscal year 2011.

You May Like

India PM Modi's party distances itself from religious conversions

BJP under fire for being slow to rein in hardline affiliate groups allegedly trying to promote a Hindu-dominant agenda by luring Muslims and Christians to convert to Hinduism More

Anti-Whaling Group Found in Contempt of Court

Radical environmentalists who threw acid and smoke bombs at Japanese whalers in the waters off Antarctica continue their campaign to disrupt Japan's annual whale hunt More

UN's Ban Urges End to Discrimination Against Ebola Workers

Ban was speaking in Guinea on the second day of a whistle-stop tour aimed at thanking healthcare workers of the countries at the heart of the epidemic More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Sudan School Becomes Target of Aerial Attacksi
X
December 19, 2014 12:45 AM
The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video Sudan School Becomes Target of Aerial Attacks

The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video VOA Reporter Tours Devastated Peshawar School

Islamist militants wearing military uniforms and strapped with explosives attacked a military run school Tuesday in the northwestern Pakistani city of Peshawar. At least 141 people were killed in the horrific attack, most of them young students. VOA reporter Ayaz Gul visited the devastated school and attended the funeral of the principal who courageously tried to save her students from the deadly attack.
Video

Video Nigerians Fleeing Boko Haram Languish in Camp Near Capital

In its five-year effort to impose Islamic law in northeastern Nigeria, the Boko Haram extremist group has killed thousands of people and forced hundreds of thousands to flee. Some of those who ran for their lives now live in squalor on the edges of the capital, Abuja. Chris Stein reports for VOA.
Video

Video Putin Says Russian Economy Will Emerge Stronger

Russian President Vladimir Putin has said his country's sinking economy will not only recover but also become stronger, despite falling oil prices and Western sanctions over Ukraine. VOA's Daniel Schearf reports.
Video

Video Detained Turkish Journalists Follow Teachings of US-Based Preacher

The Turkish government’s jailing of critical journalists has sparked international condemnation and is being seen as an effort to undermine the followers of an ailing Turkish preacher based in the United States. VOA religion reporter Jerome Socolovsky has more.
Video

Video ‘Anti-Islamization’ Marches Increase Tensions In Germany

Anti-immigrant rallies in Germany have been building in recent weeks, peaking Monday night in the city of Dresden where tens of thousands of people turned out to demonstrate against what they call the ‘Islamization’ of the West. Germany has offered asylum to more Syrian refugees than any other country, and this appears to have set off the protests. Henry Ridgwell reports from London.
Video

Video Aceh Rebuilt Decade After Tsunami, But Scars Remain

On December 26, 2004 there was an earthquake in the Indian Ocean so powerful it caused the Earth’s axis to wobble a few centimeters. Onshore on the island of Sumatra, the resulting tsunami was devastating. A decade later, VOA Correspondent Steve Herman reports from Banda Aceh, Indonesia, where although there is little remaining evidence of the physical devastation, the psychological scars among survivors remain.
Video

Video Refugees Living in Kenya Long for Peace in the Home Countries

Kenya is host to numerous refugees seeking safe haven from conflict. Immigrants from Somalia face challenges in their new lives in Kenya. Ahead of International Migrants Day (December 18) Lenny Ruvaga has more for VOA News from the Kenyan capital.

All About America

AppleAndroid