By Richard Cowan and Jeff Mason,Reuters
Obama's deficit... his massive budget bears responsibility
U.S. President Barack Obama’s budget suggests $17 billion in spending cuts for fiscal year 2010,but Congress already has rejected some of those proposals and the savings do little to dent a projected $1.17 trillion deficit.
Obama on Thursday released details of the spending cuts,most of which were announced during or after the initial roll-out of his $3.5 trillion budget in February. Fiscal year 2010 begins on October 1.
Here is a look at what some of the cuts mean for deficit reduction and the chances they have of getting approval from lawmakers: