Congressional Appropriations and the President’s Budget
February 15, 2011
On Monday, February 14, 2011, President Obama submitted his Fiscal Year 2012 budget to Congress.
According to Administration officials, President Obama’s budget would trim the deficit by $1.1 trillion over 10 years, with two-thirds of the savings coming from spending cuts and one-third from tax increases.
The President’s budget proposes a $663 million increase, or about 17%, in CMS’ discretionary budget which reflects money needed to implement the health care reform law enacted last year.
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