Topic: Budget

Obama releases 2012 budget

President Barack Obama released his much awaited budget plan for 2012 earlier this week, and called for Republicans to join him in a bipartisan effort to reduce the gargantuan national deficit. In an effort to reduce what is expected to be a $1.6 trillion deficit this year, Obama‚Äôs $3.7 trillion budget called for a reduction…

Obama, GOP hunker down for budget battle amid tough economic times

With it being the week President Barack Obama is expected to release his proposed budget for the next fiscal year, the newly-elected Tea Party Republican representatives have begun to make their presence known on the political stage. Last week, the freshman members of Congress called for even larger spending cuts than Republican House members initially…