Sunday, March 06, 2011
US President Barack Obama has decided to make further budget cuts as long as Congress compromises on a budget deal that would end the threat of a government shutdown.
“The US can't do business two weeks at a time. It's not responsible, and it threatens the progress our economy has been making,” Wall Street Journal quoted Obama in his weekly radio and Internet address on Saturday.
Meanwhile, the 50-billion-dollar cut offered by the White House and Democrats falls short of the 62-billion-dollar one suggested by the Republicans.
Posted by DotConnector at 08:29