|
Posted: 6:45 AM Jan 7, 2009
Stimulus aside, Obama vows future budget restraint
Washington For budget-conscious lawmakers, President-elect Barack Obama is offering a spoonful of sugar with his $775 billion dose of economic stimulus -- the promise of fiscal discipline in the future.
Reporter: Associated Press |
|
WASHINGTON (AP) -- For budget-conscious lawmakers, President-elect Barack Obama is offering a spoonful of sugar with his $775 billion dose of economic stimulus -- the promise of fiscal discipline in the future.
Obama is eager to sign the stimulus quickly after taking office, to yank the economy out of its downward spiral. But the price tag is jarring to some.
Yesterday, in comments that soothed some wary lawmakers, he promised to bring responsibility and accountability to Washington, calling the need for budget reform "an absolute necessity."
Obama wants Congress to complete action on the recovery plan by the end of the month or the first week of next month. House Speaker Nancy Pelosi is expected to press fellow Democrats Wednesday to pass the legislation by mid-February.
Despite his reassurances that the long-term budget will be more balanced, Obama warns the nation could face trillion-dollar deficits for years to come.

| WNDU News Poll |
| There are currently no active polls at this time. Click here to view other polls on our site and past poll results. |
- 4 on 2 motorcycles killed in Fla. collision
- School soccer player killed at Mass. birthday bash
- 2 people die in NJ home fire a day after moving in
- 'Mission: Impossible' star Peter Graves dies in LA
- No word from woman freed in alleged plot, mom says
- MSNBC host Keith Olbermann's dad dies in NYC at 80
- Dad of missing Ariz. boy says he's moving to Texas
- Native Hawaiian government may become reality
- Storm leaves at least one dead, half a million without power outages
- Lesbian sgt. discharged after police tell military






