Proposed Obama budget not ideal

2013-04-06 22:24
Barack Obama (Picture: AP)

Barack Obama (Picture: AP)

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Washington - President Barack Obama is conceding that his proposed budget is not his "ideal plan." But he says it offers "tough reforms" to the nation's benefit programmes while closing loopholes for the wealthy.

Obama argues his approach will provide long-term deficit reduction without harming the economy. His proposal has been criticized by both Republicans and Democrats.

In his first comments about a budget he is to release next week, Obama says he intends to reduce deficits while providing new spending for public works projects, early education and job training.

Obama said in his weekly radio and internet address on Saturday that he's willing to compromise to move beyond what he calls "a cycle of short-term, crisis-driven decision-making".

Read more on:    barack obama  |  us

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