President Obama delivers his 2012 Federal budget proposal today, and already debate is in full swing. Stan Collender, budget expert and writer for the Capital Gains and Games blog, helps us understand what to expect. His prediction? A congressional stalemate the likes of which we haven’t seen in over a decade. President Obama says that his budget will reduce the deficit by more than $400 billion over the next decade. However, speaker of the House, John Boehner already disputes that the proposal is going far enough. “We’re broke. What’s really dangerous is if we continue to do nothing and allow the status quo to stay in place,” said Boehner on “Meet the Press Sunday, asking “When are we going to get serious about cutting spending?”
The story you just read is available to read for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, the reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
When you make a gift of $10 or more a month, we’ll invite you to a virtual behind-the-scenes tour of our newsroom to thank you for being with The World.