Obama Eyes Domestic Spending Freeze Poll to FReep)
WASHINGTON (Nov. 13) - The Obama administration has alerted domestic agencies to plan for a freeze or even a 5 percent cut in their budgets, part of an election-year push to rein in record deficits that threaten the economy and Democrats' political prospects next fall. China, the largest foreign holder of U.S. Treasury securities, has expressed concern about the size of U.S. deficits. U.S. policymakers worry that alarm over deficits could push foreigners into cutting back on their purchases of Treasury debt. President Barack Obama will visit China as part of his current tour of Asia. White House budget director...
Original Article: Forum: News/Activism
Tags: Asia, Barack Obama, Budget Director, Budgets, China, Democrats, Domestic Spending, Economy, Election Year, Foreigners, Freep, Political Prospects, Poll, Treasury Securities, U S Treasury, White House