($MACRO) There is not much doubt that President Barack Obama’s deficit-reduction plan will top $1.5 trillion, but the key question is by how much.
In his speech to a joint session of Congress, Obama said he would present “an ambitious deficit plan” to a new congressional supercommittee on Monday. The supercommittee is looking for ways to cut deficits by at least $1.5 trillion.
Experts said it is just sound politics for Obama to surpass that goal. Analysts were divided about whether Obama will “go big” with a plan to cut the deficit by $3 trillion or more or “go small” with a proposal nearer $2 trillion. -MarketWatch
In his speech to a joint session of Congress, Obama said he would present “an ambitious deficit plan” to a new congressional supercommittee on Monday. The supercommittee is looking for ways to cut deficits by at least $1.5 trillion.
Experts said it is just sound politics for Obama to surpass that goal. Analysts were divided about whether Obama will “go big” with a plan to cut the deficit by $3 trillion or more or “go small” with a proposal nearer $2 trillion. -MarketWatch
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