Obama Sending Congress Long-Awaited 2014 Budget

The president's proposals have managed to anger Republicans and Democrats alike.

Posted: 04/10/2013 09:59 AM EDT

WASHINGTON (AP) — President Barack Obama is sending Congress his long-awaited budget, an effort to achieve an elusive "grand bargain" to tame runaway deficits that have soared above $1 trillion for each of the past four years.

Obama's spending blueprint for the 2014 budget year would accomplish the deficit cuts through a combination of further tax increases, further reductions in the growth of spending and reductions in the growth of the government's biggest benefit programs, Social Security and Medicare.

But instead of moving Congress nearer a grand bargain, Obama's proposals so far have managed to anger Republicans and Democrats alike.

Obama's Democratic allies have attacked him for pursuing cuts in Social Security and Medicare, while Republicans have rejected the president's efforts to raise taxes further.

 

BET Politics - Your source for the latest news, photos and videos illuminating key issues and personalities in African-American political life, plus commentary from some of our liveliest voices.  Click here to subscribe to our newsletter. 

Get ready for the BET Experience, featuring Beyoncé, Snoop DoggR. Kelly, Erykah BaduKendrick Lamar and many more. Go here for more details and info on how to buy tickets.

(Photo: AP Photo/J. Scott Applewhite)

Videos You May Like

From Our Partners

Related Topics