Obama to deliver US budget plan
A $4 trillion debt cut expected in US president’s proposal, but critics call it a repeat of past failed policies.
Published On 13 Feb 2012
President Barack Obama is scheduled to submit to the US congress his 2013 budget proposal, which attempts to chart a fiscal path for the next 10 years.
It aims to cut debts by $4 trillion so that deficits fall to 2.8 per cent of the economy over the next 10 years, down from 8.5 per cent forecast for this year.
But, Republicans are already saying the budget plan repeats the same failed policies as Obama’s previous proposals.
Al Jazeera’s John Terrett reports from Washington.
Source: Al Jazeera