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Obama / Budget and Deficit #922613

ABC Evening News for Sunday, Feb 22, 2009
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(Studio: David Muir) The week's agenda for President Obama outlined on screen.

(White House: Yunji de Nies) How Obama plans to cut the federal deficit with his budget examined; details given about winding down the war in Iraq, overhauling Medicare/Medicaid and raising taxes on the rich. [OBAMA - says we have to get our deficits under control.] [On CNN. Senator Mitch McCONNELL - wonders about taxes.] [Nobel Prize winner Paul KRUGMAN†- says deficits can bankrupt a government.] [Center for Strategic and International Studies Tony CORDESMAN†- says the budget estimate is based on things going well in Iraq.]

Muir, David;
Nies, Yunji de

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