WASHINGTON (AP) — President Barack Obama’s budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it, Congress’ nonpartisan budget analyst said Friday.

Read the rest of this entry »

Tags: Business, By ALAN FRAM, Economic policy, Economy, Government and politics, Government business and finance, Government finance, Government pensions and social security, Government policy, Government programs, Government-funded health insurance, Legislature