Obama seeks to bring Republicans in negotiation mode on Budget, softens stance

The $3.778 trillion spending proposal of President Barack Obama for the next year features few measures to slow the spending growth on Social Security, Medicare etc., With a view to bring Senate Republicans to the table for negotiations.

Obama seeks to bring Republicans in negotiation mode on Budget, softens stance

The White House administration has said that it is ready to accept any benefit changes only if they are part of a broad deficit-reduction package that couples both spending cuts and tax increases. However as many Republican lawmakers are opposed to tax increases, chances of a large-scale budget deal remain meagre.

Source: WSJ

Published by Bhavesh Kumar

A multi-talented professional with diverse experience spanning across Advanced statistical analysis,Python programming with NumPy, pandas, matplotlib, Seaborn, Tableau, Machine Learning with stats models and scikit-learn, Deep learning with TensorFlow, journalism (digital and broadcast), management consultancy and documentary filmmaking. Worked for the leading international news agencies on feature stories, videography, scripting, programming and editing broadcast news. A creative and analytical mindset focused on executing new-age strategic communication initiatives with all its corresponding elements (clear and coherently written key messages, marketing strategy and predictive analytics) to ensure effective target audience impressions. Also, worked on several primary and secondary market research projects (Market Feasibility Study) for businesses looking for actionable insights.

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