The House of Representatives has begun to debate current year funding. Part of the discussion is on discretionary spending levels through September. It would provide $60.9 billion less than in fiscal 2010. According to the House Appropriations Committee, that's nearly $110 billion less than President Obama wanted for fiscal 2011. Before Tuesday's deadline, more than 400 changes had been submitted for possible debate.
Meanwhile, the President defended his budget as a difficult step toward stabilizing the nation's finances. While talking with reporters on Tuesday, the President urged bipartisan cooperation in Washington to address the nation's growing long-term debt. The President called for a serious conversation about where we want to go and then ultimately everybody getting into that boat at the same time so it doesn't tip over.
The FY2012 budget proposal contains $3.73 trillion in spending and claims $1.1 trillion in spending cuts, $3.2 billion coming from discretionary funding accounts at the USDA. The Administration says savings are created by reducing direct payments to high-income farmers, refocusing USDA's homeownership programs, targeting USDA conservation programs; and combining and streamlining multiple forest restoration programs.
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