AP Analysis: Balanced budget in eyes of the beholder

03/25/13 - 1:17pm

WASHINGTON — When it comes to budgets, balance is in the eye of the congressional beholder.

To House Republicans, it means a balanced budget in a decade, achieved by $4.6 trillion in spending cuts and without any tax increases.

To Senate Democrats, it means a balanced plan, about $975 billion in higher taxes and a spending reduction of about $875 billion, not counting cancellation of $1.2 trillion in existing across-the-board-cuts.

Obama turns the page, looks forward to second term

01/21/13 - 9:00pm

WASHINGTON — Turning the page on years of war and recession, President Barack Obama summoned a divided nation Monday to act with “passion and dedication” to broaden equality and prosperity at home, nurture democracy around the world and combat global warming as he embarked on a second term before a vast and cheering crowd that spilled down the historic National Mall.

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AP Analysis: Balanced budget in eyes of the beholder

Obama turns the page, looks forward to second term

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