OMB Director Expects Some GOP Backing for Obama’s Budget
February 23, 2009 - 9:04 AM<br />
Peter Orszag said Monday the administration plan, as a part of this year's social agenda, will include a heavy focus on changes that should make the country's health care system more efficient. For that reason, he said it should attract some GOP backing.
Orzsag also said the plan contemplates cutting the budget deficit in half by the end of Obama's first term and said it will do so "without any gimmicks."
The nonpartisan Congressional Budget Office has estimated that the projected budget deficit for the current fiscal year will be an unprecedented $1.2 trillion. And that doesn't include the $787 billion stimulus plan that Obama signed into law last week.
Republicans provided only three votes in Congress for the stimulus program.
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