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TUESDAY, NOVEMBER 24, 2009
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Obama to Cabinet: Cut $100M From Budgets

Move comes amid pressure to slice deficit

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(Newser) – Facing pressure over spending, President Obama will unite his Cabinet today for the first time and ask members to find $100 million worth of potential budget cuts over the next 90 days, the Washington Post reports. Though it’s a tiny sum compared to a $3.5 trillion budget outline, the move is meant to signal Obama’s commitment to reform, says a top administration official.

President Barack Obama, flanked by Secretary of State Hillary Rodham Clinton, left, and Treasury Secretary Timothy Geithner, takes part in a meeting in London, Wednesday, April 1, 2009.
President Barack Obama, flanked by Secretary of State Hillary Rodham Clinton, left, and Treasury Secretary Timothy Geithner, takes part in a meeting in London, Wednesday, April 1, 2009.   (AP Photo/Charles Dharapak)
President Barack Obama waves goodbye after the final meeting of the 5th Summit of the Americas in Port of Spain, Trinidad and Tobago, Sunday, April 19, 2009.
President Barack Obama waves goodbye after the final meeting of the 5th Summit of the Americas in Port of Spain, Trinidad and Tobago, Sunday, April 19, 2009.   (AP Photo/Brennan Linsley)
President Barack Obama gestures after his address to a joint session of Congress, Tuesday, Feb. 24, 2009. Treasury Secretary Tim Geithner is at left, Secretary of State Hillary Clinton is at right.
President Barack Obama gestures after his address to a joint session of Congress, Tuesday, Feb. 24, 2009. Treasury Secretary Tim Geithner is at left, Secretary of State Hillary Clinton is at right.   (AP Photo/Charles Dharapak)
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3 comments
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northeast
Apr 20, 09 9:34 AM CDT
I was sort of hoping for a bit more...well, he should at least start cutting. Reply
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Snowleopard
Apr 20, 09 5:06 PM CDT
yeah, trimming back government spending is going to be important in coming years, but it's really dangerous for the government to cut back too much right in the middle of a recession, since it adds to the market's contraction.
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TerrifiedCitizen
Apr 20, 09 12:44 PM CDT
So, let me understand... is this a 'token' gesture? Reply
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