the WHITE HOUSEPresident Barack Obama

Search form

Weekly Address: Reining in Budget Deficits

Summary: 
The President pledges to rein the deficit, citing three specific steps to this end: restoring pay-as-you-go, a freeze in discretionary spending, and a Fiscal Commission to hammer out further concrete proposals.

The President pledges to rein the deficit, citing three specific steps to this end. He praises the Senate for restoring the pay-as-you-go law, discusses his proposal for a freeze in discretionary spending, and calls for a bipartisan Fiscal Commission to hammer out further concrete deficit reduction proposals.