In his first speech to a joint session of Congress, President Obama outlined an ambitious agenda to revive the economy, saying it’s time to act boldly "to build a new foundation for lasting prosperity." Obama focused on the three priorities of the budget he will present to Congress later this week: energy, health care and education. The president said he sees his budget as a “vision for America — as a blueprint for our future,” but not something that will solve every problem or address every issue. Obama said his administration already has identified $2 trillion in government spending cuts that can be made over the next decade
Tag Archives: budget
Kansas budget standoff ends, but other states in limbo
Kansas leaders Wednesday ended a standoff that had delayed tax refunds and state paychecks by agreeing to borrow $225 million from various state accounts, a spokeswoman for the governor’s office said. Republican lawmakers approved moving money into the state’s main account to pay the bills after budget cuts agreed to by Gov. Kathleen Sebelius, spokeswoman Brittany Stiffler said
California can’t solve budget crisis
California lawmakers worked into early Wednesday but couldn’t pass a budget to avoid the possibility of laying off 10,000 more state workers. Lawmakers brought blankets and toothbrushes to work Tuesday, planning to stay as long as it took to pass a budget, but as of 2 a.m. PT (5 a.m
California to lay off 20,000 if budget deal isn’t reached
Faced with a projected $42 billion deficit, California Gov. Arnold Schwarzenegger says his office will send out 20,000 layoff notices Tuesday if lawmakers fail to reach a budget deal before then, according to a spokesman