Obama to convene fiscal summit at White House
Posted: Mon Feb 23, 2009 9:10 am
President Barack Obama is bringing together dozens of advisers and adversaries to discuss how to curb a burgeoning federal deficit laden with Social Security, Medicare and Medicaid obligations.
Obama's summit at the White House on Monday is the first meeting toward a strategy to address the long-term fiscal health of the nation. The gathering also comes as Obama prepares ambitious plans to cut the federal deficit by half within four years.
"It will require doing all we can to get exploding deficits under control as our economy begins to recover," Obama said in his weekend Internet and radio address. "That work begins on Monday, when I will convene a fiscal summit of independent experts and unions, advocacy groups and members of Congress to discuss how we can cut the trillion-dollar deficit that we've inherited."
Even before it began, some of its 130 invited participants cautioned against overinflated expectations.
http://news.yahoo.com/s/ap/20090223/ap_ ... ma_economy
Obama's summit at the White House on Monday is the first meeting toward a strategy to address the long-term fiscal health of the nation. The gathering also comes as Obama prepares ambitious plans to cut the federal deficit by half within four years.
"It will require doing all we can to get exploding deficits under control as our economy begins to recover," Obama said in his weekend Internet and radio address. "That work begins on Monday, when I will convene a fiscal summit of independent experts and unions, advocacy groups and members of Congress to discuss how we can cut the trillion-dollar deficit that we've inherited."
Even before it began, some of its 130 invited participants cautioned against overinflated expectations.
http://news.yahoo.com/s/ap/20090223/ap_ ... ma_economy
