Thursday, February 20, 2014

BREAKING: White House budget to boost spending by $56 billion, drop Boehner ‘grand bargain’ --- The White House budget to be released early next month will propose $56 billion in new spending on domestic and defense priorities and drop a proposal that was included in last year's budget as a way to attract Republican support -- a plan that would have included less generous payouts of Social Security benefits -- The budget would aim to reduce the emphasis on austerity that has been the preoccupation of American politics for the past four years and also highlights top Democratic priorities in a year when Democrats hope to save their majority in the Senate. -- A White House official said President Obama decided to release a budget that fully represents his "vision," rather than to continue to pursue a fiscal agreement, because Republicans have refused to engage in good-faith negotiations over the nation's top priorities. - More, Zachary Goldfarb, Washingtonpost


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