Obama: Budget proposal to end up saving $400B - WTVM.com-Columbus, GA News Weather & Sports

Obama: Budget proposal to end up saving $400B

 

WASHINGTON (AP) - President Barack Obama says the budget he plans to send to Capitol Hill next month will trim spending with a scalpel, not a chain saw, and that it will save about $400 billion.

In an interview Thursday on YouTube, Obama also gave one example of a program that might be cut, citing community action grants for cities.

Says Obama: "Frankly, we're just going to have to trim some of these programs."

He says the administration wants to "cut with a scalpel, as opposed to a chain saw" and revealed that the budget will save about $400 billion.

The White House has said the budget plan will be rolled out the week of Feb. 14.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

 

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