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White House to Offer $20B in Cuts

Budget Battle

Government set to shut down on April 8.

cheats/2011/03/28/white-house-to-offer-20b-in-cuts/money_upnnlg

The White House and Senate Democrats are preparing to offer $20 billion in new spending cuts in order to avoid a government shutdown—but will it be enough for the Tea Party? The offer, which is Democrats’ highest yet, comes on top of $10 billion in cuts that have already been enacted. The House GOP, however, has so far stood by its demand for $61 billion in cuts as it faces pressure from the Tea Party activists. Congress returns from recess Monday and has until April 8 before funding runs dry.

Read it at The Wall Street Journal

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