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Senate Democrats propose $14 billion budget cut

Senate Democrats are ready to make a cut to the federal budget

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
Pentagon budget.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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  • by c Location: fkt on Jul 16, 2010 at 09:32 PM
    Get rid of Michelle's assistants and save an additional 1 million a year. No other first lady has had 39 assistants and she doesn't need them either! Cut some more of the idiots that Obama has appointed to different post within the Federal govt and save even more. Our deficit is unsustainable and it's time to quit the spending and QUIT SENDING OUR TAX MONEY TO OTHER COUNTRIES! Help our own people FIRST! Billions are sent annually to other countries to help them...STOP IT! and you won't have to BORROW money to help your own citizens!
  • by Jim Location: Ky on Jul 16, 2010 at 07:27 PM
    I just cant belive it would take that much to run those offices
  • by Diane on Jul 15, 2010 at 05:11 PM
    Does anyone else shudder to think that 14 BILLION dollars is just 1-2 percent of the deficit?? Even the Congressional Budget Office is saying that our debt is unsustainable.


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