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On the Hill, the push for 'PayGo' begins

Congressional Democrats have begun the task of codifying into federal law "PayGo", rules that mandate an equivalent cut in spending in one area to compensate for an increase in spending elsewhere. The President has proposed the action to trim the budget, but opponents say recent stimulus and financial bailout spending make them wary of the idea.

Tags: newsstand , budget , PayGo , Rep. Steny Hoyer , OMB , Peter Orzag , President Barack Obama

Thursday - 06/18/2009, 07:06am EDT
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