CNN CNN Newsroom February 14, 2011
february 14th. president obama sent congress his budget plan for 2012 and it calls for spending $3.7 trillion. the white house says the blueprint, this draft, will cut the deficit more than $1 trillion over the next decade. >> when i was sworn in as president, i pledged to cut the deficit in half by the end of my first term. the budget i'm proposing today meets that pledge and puts us on a path to pay for what we spend by the middle of the decade. we do this in part by eliminating waste and cutting whatever spending we can do without. as i start, i've called for a freeze on annual ...