Friday, April 15, 2011

Obama: Compromise or Risk Another Recession

Obama

Signs 2011 budget deal into law

April-15-2011--Washington --

President Barack Obama signed the budget agreement covering federal spending for the remainder of the current fiscal year on Friday, an administration official said, bringing an end to any remaining fears of a government shutdown.

The bipartisan deal, which won approval Thursday from both the House and Senate, cuts $38.5 billion in spending while funding the government through September 30.

With its passage, White House and congressional leaders now turn their attention to what are expected to be more rancorous battles over the budget for the next fiscal year and the upcoming need to raise the federal debt limit.---

Video: Obama: Compromise or Risk Another Recession

Obama to Republicans: ""'You think we're stupid?'

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