FILE - In this June 29, 2010 file photo, Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., left, speaks during a meeting on Capitol Hill in Washington, with the House Financial Services Committee. What to do about the size of too-big-to-fail banks? Order a study. How to hold stockholders accountable for their dealing with clients? Another study. From left, are, Dodd, Sen. Mike Crapo, R-Idaho, and Sen. Bob Corker, R-Tenn. (AP Photo/Manuel Balce Ceneta)
WASHINGTON (AP) - President Barack Obama's allies in the Senate
are proposing to cut $14 billion from his budget for the upcoming
fiscal year. That's double the cut sought by House Democrats.
But Republicans on the Appropriations Committee said the cuts
didn't go far enough and opposed the idea - along with three
appropriations bills for the budget year that begins in October.
At issue is the $1.14 trillion devoted to Cabinet agency budgets
passed each year by Congress. Republicans pressed for an additional
$6 billion cut - a difference of about a half of 1 percent.
Democrats originally pressed for an $8 billion cut, but upped
the ante in response to GOP protests, making additional cuts to the
(Copyright 2010 by The Associated Press. All Rights Reserved.)