President Releases Budget with Deficit at All-Time High

Monday, February 01, 2010

President Obama is sending a $3.8 trillion budget to Congress today. The new budget predicts an average deficit over the next decade of 4.5 percent of the size of the economy.

Takeaway Washington correspondent Todd Zwillich says the budget is a direct political challege by the president to an unpopular Congress.

 

 

We take a look at some of the belt-tightening that the president's budget prescribes and hear how Congress is expected to respond. We also speak to State Rep. Mike Boland of Illinois, whose district covers the Thomson correctional facility, which could be a new destination for Guantanamo Bay detainees. President Obama's new budget includes $250 million dollars to buy the facility.

Produced by:

Noel King

Contributors:

Todd Zwillich

Comments [1]

Dominick DePinto from New York City

One reason the budget looks so huge is that the funds for Iraq and Afganistan are now carried in the budget rather than funded by off-budget supplemental spending. While it doesn't change the overall costs it is at least a more honest accounting.

Feb. 02 2010 08:35 AM

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.