BUSH '05 BUDGET SEEKS TO REIN IN DOMESTIC COSTS

Article Abstract:

The Bush administration is proposing cuts in domestic spending to help control the spiraling budget deficit for FY 2005. Proposals include reductions in the poor's housing vouchers, veterans' health care benefits, job training and employment programs, and biomedical research. The White House and others are predicting that the deficit will exceed last year's $374 billion and may reach $450 billion.

Forecasts, trends, outlooks, Legislative Bodies, Congressional Budget Office, Forecasts and trends, United States economic conditions, Market trend/market analysis, Budget deficits, United States. Congressional Budget Office, United States. Office of Management and Budget

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BUSH TO BACK OFF SOME INITIATIVES FOR BUDGET PLAN

Article Abstract:

Pres. George W. Bush is planning to propose a $2.3 trillion budget. He wants Congress to pass a permanent extension of his tax cuts which he believes enhance economic growth. The president can anticipate some resistance from Republican legislators who want more reduction in government spending and Democrats who oppose his tax cuts that they feel are increasing the deficit.

Budget, Budgets

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