Obama Unveils $3.83T Budget With Massive Deficits -- ABC News
Obama's spending plan features record $1.56 trillion deficit and new effort to boost jobs
President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.
The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year's then unprecedented $1.41 trillion gap. The deficit would remain above $1 trillion in 2011 although the president proposed to institute a three-year budget freeze on a variety of programs outside of the military and homeland security as well as increasing taxes on energy producers and families making more than $250,000.
Read more ....
MIDDLE EAST
Iraqi police: Female suicide bomber kills 41.
Hamas threatens to strike at Israeli targets abroad to avenge Mabhouh.
Israelis disciplined in Gaza artillery fire.
Yemen seems to reject cease-fire with rebels.
Iran's defiance spurs rise in U.S. military defenses.
ASIA
Pakistan investigates reports of Taliban leader's death.
China says US arms sales to Taiwan could threaten wider relations.
Koreas to resume talks after border artillery fire.
AFRICA
Nigeria's oil pipeline sabotaged - Royal Dutch Shell.
Nigerians wonder: Could a military coup actually save us?
After losing a post, Qaddafi rebukes the African Union.
Mogadishu shelling kills 12 civilians.
EUROPE
UKs Brown goes into battle with billions for defence.
Thousands rally to urge Russia's Putin to resign.
UN chief visits Cyprus to boost peace talks.
AMERICAS
In quake’s wake, Haiti faces leadership void.
Mexico gunmen kill 14 teens, young adults.
Analysis: Chavez's socialist project badly hobbled.
Chocolate vs the Drug Lords: Peru's move from Coca to Cacao.
TERRORISM/THE LONG WAR
Obama administration: Undecided on terror trial venue.
Obama admnistration takes several wrong paths in dealing with terrorism (Commentary)
ECONOMY/FINANCE/BUSINESS
Obama's $3.8 trillion budget heading to Congress.
Swiss warn UBS bank could collapse.
Global shares slide on Greece and China.
No comments:
Post a Comment