Shift in Focus from Healthcare to the Economy
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| Thomas |
In his State of the Union speech in late January, President Barack Obama pressed Congress for final passage of a health-reform bill but primarily emphasized the economy as his highest priority this year. He proposed a three-year freeze on federal spending not related to national security, a move that is read by many as a sign of the pressure the administration is under to reign in the budget deficit. This proposal would save $250 billion over three years, a relatively small sum compared with the size of the overall deficit, projected to be approximately $1 trillion each year for the next three years.
