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Reply #4: 2010 federal budget blueprint includes most of Obama's major initiatives [View All]

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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-28-09 05:58 PM
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4. 2010 federal budget blueprint includes most of Obama's major initiatives
When President Barack Obama assesses his first 100 days at a White House news conference Wednesday night, he'll probably have fresh congressional votes endorsing a $3.5 trillion fiscal 2010 budget that includes almost every one of his major initiatives.

The Senate and the House of Representatives are expected to pass it Wednesday. That's the easy part, however, because the congressional budget is only a blueprint, with key details yet to be worked out bill by bill in Congress.

Nevertheless, it's a good start, some analysts said, because it puts Obama and the Democrats in Congress firmly on the record - and committed by congressional votes - to reduce this year's projected $1.7 trillion deficit to $620 billion by 2012 and $523 billion by 2014.

"This is fairly significant, because Congress is setting up its plan for the rest of the year," veteran federal-budget analyst Stan Collender said.
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