Highlights of rival budget proposals

Posted: December 5, 2012 at 5:39 a.m.

The Obama administration and House Republicans have unveiled their opening offers in talks to avoid the “fiscal cliff.” The White House estimates its plan would carve $4.4 trillion from the deficit over the coming decade, including previously enacted cuts ($1 trillion) and savings from reduced costs for overseas military operations ($800 billion), as well as interest payments on the national debt ($600 billion).

This story is only available from our archives.

Front Section, Pages 5 on 12/05/2012


« Previous Story

In the news

Lucio Osbaldo Moya, 29, a deputy U.S. marshal, faces charges in McAllen, Texas, of obstruction of justice and being an accessory after the fact over allegations that he dis... Read »

Next Story »

Egypt boils with anti-Morsi rallies

Egyptians protest against the Muslim Brotherhood during a demonstration in front of the presidential palace in Cairo on Tuesday.

A protest by at least 100,000 Egyptians outside the presidential palace in Cairo turned violent Tuesday as ten... Read »