2013 budget plan

Obama’s $3.8 Trillion Budget: Social Security, Medicare Cut

Posted on 04/10/2013 by | General News | Comments

Bulletin Today | PoliticsBy Martin Crutsinger, Associated Press Economics Writer WASHINGTON (AP) — President Barack Obama sent Congress a $3.8 trillion spending blueprint on Wednesday that strives to achieve a “grand bargain” to tame runaway deficits, raising taxes on the wealthy and trimming popular benefit programs including Social Security and Medicare. The president’s budget projects deficit reductions of $1.8 trillion over the next decade, achieved with higher taxes, reductions in payments to Medicare providers and cutbacks in the cost-of-living adjustments paid to millions …

Congress Works on Budget for 2013 — and the Future

Posted on 03/19/2013 by | General News | Comments

Bulletin Today | PoliticsBy Andrew Taylor of The Associated Press WASHINGTON (AP) — Congress is finally cleaning up its unfinished budget business for the 2013 budget year with a bipartisan government-wide funding bill. But even as that measure heads toward approval, the House and Senate are gearing up for divisive votes that will underscore sharp differences on a bigger problem: how to fix the nation’s long-term deficit woes. The Senate is positioned to approve the catchall spending bill Tuesday after it cleared a …