Democrats Agree on $3 Trillion Budget Plan

Congressional Democrat leaders have reached agreement on a $3 trillion budget blueprint that would authorize a small increase for domestic priorities and spare millions of households from an unpopular tax. But it postpones most major budget decisions until after this fall's presidential election. The deal, reached late Friday between House Budget Committee Chairman John M. Spratt Jr. (D-S.C.) and Senate Budget Committee chairman Kent Conrad (D-N.D.), would increase spending on government programs in the fiscal year that begins in October about $20 billion beyond President Bush's request.
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Posted by Editor at May 14, 2008 05:23 AM