Obama's budget to describe path toward dividing deficit

02/23/2009 | Financial Times (free content)

When U.S. President Barack Obama presents his first budget proposal this week, it will show the $1.3 trillion deficit, inherited from the Bush administration, plummeting to $533 billion by 2013. Efforts include raising income by selling carbon-emission permits, reducing military spending in Iraq, and hiking taxes for businesses and wealthy individuals.

View Full Article in:

Financial Times (free content)

Published in Brief: