President Obama Tackles Deficit Reduction and Debt Ceiling as Budget Battle Continues
Washington's heated budget battle will continue this week when U.S. President Barack Obama presents a deficit reduction plan on Wednesday.
The latest federal budget proposal will come less than a week after President Obama and Congress reached an eleventh-hour agreement for the 2011 budget to prevent a government shutdown. They reached the deal shortly before midnight Friday, when the shutdown would have gone into effect.
The latest federal budget proposal will come less than a week after President Obama and Congress reached an eleventh-hour agreement for the 2011 budget to prevent a government shutdown. They reached the deal shortly before midnight Friday, when the shutdown would have gone into effect.
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