Active Stocks
Thu Mar 28 2024 13:49:19
  1. Tata Steel share price
  2. 155.60 1.80%
  1. HDFC Bank share price
  2. 1,454.40 0.95%
  1. Power Grid Corporation Of India share price
  2. 277.00 2.20%
  1. ITC share price
  2. 430.30 0.54%
  1. State Bank Of India share price
  2. 754.80 2.83%
Business News/ Politics / News/  Obama seeks $467 billion in cuts to offset jobs plan: White House
BackBack

Obama seeks $467 billion in cuts to offset jobs plan: White House

Obama seeks $467 billion in cuts to offset jobs plan: White House

Premium

Washington: US President Barack Obama will propose $467 billion in budget cuts to offset the cost of job-creation package, White House budget director Jack Lew said on Monday.

“In order to invest in jobs and growth, we’re going to have to pay for it," Lew told reporters as Obama prepared to submit his $447 billion jobs program to Congress on Monday. He said the extra $20 billion in cuts were intended to “build in a cushion" to make sure the plan is paid for without adding to deficits, as Obama has promised.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 12 Sep 2011, 10:32 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App