Democrats' budget recipe: Mix spending cuts with taxes, and throw in more stimulus (Video)

History was made Wednesday: Catholics got their first South American pope, and the United States Senate began work on its first budget plan in four years, The Business Journals reported.

That budget plan is markedly different from the one announced a day earlier by House Budget Committee Chairman Paul Ryan, R-Wisc. Instead of cutting $4.6 trillion in federal spending over the next 10 years, the Senate plan would reduce deficits by only $1.85 trillion, half from spending cuts and half from increased…

E-Mail Newsroom


Comments

Post new comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • HTML tags will be transformed to conform to HTML standards.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.