President Barack Obama, under pressure from deficit hawks, will seek a three-year freeze on domestic spending in his 2011 budget that would save $250 billion by 2020, administration officials said on Monday.
Part of the problem, on top of a severe recession that hit government revenue, are entitlement programs like social security and Medicare, the huge public healthcare program for older Americans.
Part of the problem, on top of a severe recession that hit government revenue, are entitlement programs like social security and Medicare, the huge public healthcare program for older Americans.
Obama wants to reduce soaring Medicare costs through an overhaul of the $2.5 trillion U.S. healthcare system, but his reforms are bogged down in Congress.
For more: Obama to seek three-year freeze on domestic spending - washingtonpost.com
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