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$2.4 Tril Bush Budget Ups Defense, Security, Curbs Other Spending; Record $521 Billion Shortfall; Plan is to halve deficit in five years, but lawmakers on both sides react coolly.(A)
Byline: SEAN HIGGINS
The White House's proposed $2.4 trillion federal budget got a chilly reaction on Capitol Hill Monday. Lawmakers in both parties criticized it for its ballooning deficit. Few were happy with President Bush's domestic spending agenda either.
The lawmakers' reactions suggest getting the budget through Congress -- tough under the best circumstances -- will be a long, hard fight this year. It will be a test for Bush, who has yet to follow through on a veto threat.
Bush's budget would increase overall spending by 3.5% in fiscal 2005. It would provide big hikes in defense and anti-terrorism programs, but hold nondefense domestic spending to a 0.5% increase, below inflation.
The budget deficit would rise to a record $521 billion this year, but the White House expects it to fall to $364 billion the following year and $237 billion by 2009. As a share of GDP, the deficit would peak at 4.5% this year, below the 1983 record of 5.6%. It would fall to 3.1% in 2005 and 1.6% in 2009.
The budget calls for cutting or killing outright more than 120 federal programs.
Cool Capitol Hill Response
- Housing: Democrats Criticize White House Plan For Section 8 Vouchers.
- Magazine article from: The Bond Buyer Sanchez, Humberto May 21, 2004 700+ words
...criticized a recently enacted White House plan to hold down domestic spending by capping Section 8 rents...fiscal 2005 budget, the White House requested $16.9 billion...in 2004. However, the White House's budget request is...
- White House showing short-term success on Iraq.
- Newspaper article from: Dallas Morning News (Dallas, TX) February 8, 2007 700+ words
...Carl Leubsdorf The Bush White House is showing substantial adeptness...to run in 2008. And the White House continues to understate the...hardly surprising that a GOP White House hopeful like Huckabee wants...priorities. He called for more domestic spending and said ...
- White House budget would give DOT a slight boost and DHS a bigger push.
- Magazine article from: Shipping Digest February 19, 2007 700+ words
...Transport Association. The White House offered a $67 billion...the same time, the White House proposed an 8 percent...upcoming battle between a White House and Congress at odds...administration's domestic spending proposals will try...
- Pelosi brings tough talk to town: PLEASANT HILL: At birthday fundraiser for...
- Newspaper article from: Contra Costa Times (Walnut Creek, CA) May 20, 2007 700+ words
...met Friday with Joshua Bolten, White House chief of staff, but the talks...The Democrats offered to strip domestic spending from the bill, which some had...S. troops from Iraq. The White House rejected the Democrats' offers...
- UPDATE 3-Bush targets domestic spending in fiscal 2006 budget.
- News wire article from: The America's Intelligence Wire February 7, 2005 700+ words
...deficits by clamping down on domestic spending programs. The blue-and...Affairs Department. The White House said the budget plan leaves...at Goldman Sachs said the White House's budget forecasts offered...our view," they wrote. White House Office of Management and...
- UPDATE 2-Bush targets domestic spending in fiscal 2006 budget.
- News wire article from: The America's Intelligence Wire February 7, 2005 700+ words
...down on non-military, domestic spending. The blue-and-tan budget...after a Cabinet meeting. The White House said the budget plan leaves...Pelosi, D-Calif. As the White House had previously indicated...207 billion in 2010. The White House said the forecast offers...
- Bush targets domestic spending in '06.
- News wire article from: The America's Intelligence Wire February 7, 2005 700+ words
...down on non-military, domestic spending. The blue-and-tan budget...rein in Congress. As the White House had previously signaled...207 billion in 2010. The White House said the forecast proves...billion. Democrats accused the White House of obfuscating the true fiscal...
- House subcommittee passes bill to allow defense cuts to fund domestic spending....
- Magazine article from: The Bond Buyer Hill, Patrice February 20, 1992 700+ words
...wall between defense and domestic spending erected in the 1990 budget...to the subcommittee from White House Office of Management and...across the board by the White House budget office. Rep. Panetta...the separate defense and domestic spending caps if the bill is ...
- GOP Domestic Spending Bills Plan Billions in Cuts Across Board.(budget cuts...
- Newspaper article from: Nation's Cities Weekly Framm, Alan May 24, 1999 700+ words
...tenable," said Sylvia Mathews, the White House deputy budget director. "The level...other three, always controversial domestic spending bills, the committee would spend...spend. Most of the other, smaller domestic spending bills have just minor differences...
- Church leaders decry Bush budget.(News)(domestic spending cuts versus tax...
- Magazine article from: The Christian Century April 5, 2005 700+ words
...suffer because of $214 billion in domestic spending cuts while wealthy Americans will benefit...heaven, the rich man to hell. The White House, pointing to multibillion-dollar...in this country," they said. The White House said Bush does not want to cut Medicaid...
