WKYT | Lexington, Kentucky | News

House, Senate Poised to Adopt Pared-Back Budget

WASHINGTON (AP) - Democrats in the House and Senate are on track
to give President Barack Obama a key victory by adopting slightly
pared-back versions of his $3.6 trillion budget.
Both versions are expected to pass today.
Meanwhile, Republicans in both chambers are putting forward
alternatives that are more generous with tax cuts and stingier with
spending.
None of the plans -- Obama's, House and Senate Democrats', or
the competing GOP outlines -- would succeed in tamping down the
deficit much below $500 billion within five years.
Also, the budget blueprints provide little guidance on how to
craft subsequent Obama initiatives to reshape the U.S. health care
system or combat global warming.
Congressional budget resolutions are nonbinding blueprints that
set the parameters for legislation to follow.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 42321862