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Obama’s Plan to Eliminate 121 Federal Programs Faces Significant Opposition
President Barack Obama sent lawmakers a budget package today (Thursday) that proposes to shrink or eliminate 121 federal programs and save almost $17 billion in the fiscal year that begins Oct. 1. But the budget plan contains cuts that will face vigorous opposition in Congress and fierce resistance from special interest groups.
The package of proposed reductions fills in the fine print of a $3.55 trillion budget outline approved by lawmakers in April that contains Obama’s top agenda items, including a healthcare overhaul, a push for renewable, clean-energy sources and changes in education funding.
The President wants to cut or end a number…
8May2009 | Money Morning | 0 comments | Continued
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