Republicans Debt-Ceiling Strategy Relies on Obama Budget
Senate Republicans have a strategy for lifting the U.S. borrowing limit: offer what President Barack Obama asked for in his budget, then dare him to refuse. In an effort to derail the president’s health-care law, these lawmakers see the possibility of replacing automatic federal program cuts with reductions to entitlement spending. Among these: Obama’s proposal to trim Social Security cost-of-living increases that would save about $130 billion over 10 years...Read More
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