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Financial Aid in the News

Obama to Seek Three-Year Freeze on Domestic Spending (The Washington Post)

"President Barack Obama, under pressure from deficit hawks, will seek a three-year freeze on domestic spending in his 2011 budget that would save $250 billion by 2020, administration officials said on Monday," The Washington Post reports. "Obama will outline the spending hold-down in his State of the Union address on Wednesday and will spell it out in detail on February 1, when he unveils his second budget. Obama is under fire for a record deficit and has called for a bipartisan congressional commission to consider spending cuts and tax increases to improve the country's fiscal outlook. Democrats are jittery after the Massachusetts election of a Republican for the Senate seat long held by the late Edward Kennedy, worried that it may be a warning sign for congressional elections in November."

You can read the complete Jan. 26, 2010 The Washington Post article on-line.

Additional Media Coverage

Obama to seek spending freeze, more aid to middle class The Los Angeles Times

Budget Freeze Is Proposed The Wall Street Journal (A paid subscription is required.)

Obama Seeks Freeze on Many Domestic Programs The New York Times

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