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NEWS ABOUT: Peter Orszag

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Health Care Reform: What We Can Agree On

High costs hurt all of us—here's how we can cut them

(Newser) - The issue of health care reform crops up regularly, then disappears—but now it may have a foothold, writes Karen Tumulty in Time. That’s because the focus of the issue is on the current system’s huge cost to everyone. Much of the spending may be unnecessary, and a... More »

Dems Slash Obama's Budget

Congressional Dems scrap future plans to bail out financial sector

(Newser) - Democratic leaders trying to trim the federal deficit have taken a hatchet to President Obama's budget plan, reports the Washington Post. Congressional Democrats are expected to formally announce plans today to cut hundreds of billions of dollars from the budget over the next five years, and eliminate plans to steer... More »

Budget Deficit Soars Past $1.8T

(Newser) - The federal budget deficit will surpass $1.8 trillion during the current fiscal year, the Congressional Budget Office said today. The figure far outstrips the previous estimate of $1.2 trillion and spells trouble for President Obama's proposed budget, the Wall Street Journal reports, but the White House budget director... More »

McCain to Obama: Veto Stimulus Bill

Rush isn't GOP's leader: Gingrich; Stem-cell reversals a 'distraction:' Cantor

(Newser) - Now that the battle over the stimulus bill is over, John McCain has one request for President Obama: Veto it. “We fought a good fight,” the Arizona senator conceded on Fox News Sunday, saying the $410 billion bill would likely pass the Senate despite those efforts. McCain also... More »

Obama Targets Gov't Contract Fraud, Waste

Vows to save money

(Newser) - Barack Obama today announced a plan to clean up waste in federal contracts, a set of reforms he believes will save taxpayers up to $40 billion a year, the Washington Post reports. Flanked by spending hawks John McCain and Carl Levin, Obama said his budget manager is drafting “dramatic”... More »

Iraq Timetable Unlikely to Change: Gates

Limbaugh the 'intellectual force' behind GOP: Emanuel

(Newser) - It’s “fairly remote” that deteriorating conditions in Iraq will delay President Obama’s withdrawal timetable, Robert Gates told NBC’s Meet the Press. The defense secretary also insisted that the US military will achieve “significant success” once it leaves Iraq. As for his bosses, Gates said Obama... More »

Obama Budget Taxes Wealthy to Expand Health Care

Projects deficit will soar to $1.75T

(Newser) - President Obama's budget plan, which he delivers to Congress today, attempts to balance a broad spending program with a commitment to slash the deficit in half by the end of his first term. It calls for tax increases on the wealthy and spending cuts to fund a "down payment"... More »

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