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Obama seeks 5% spending cuts for all agencies
This week, as part of an effort by the Obama administration to cut spending and address the out-of-control federal budget deficit, the White House has asked federal agencies to cut their budgets by 5 percent. In the announcement, Peter Orszag, Director of the Office of Management and Budget, who’s the top fiscal adviser for the administration, announced that all 'non-security' agencies will have to find ways to trim spending in their 2012 budgets. Yesterday’s announcement goes well beyond the three-year overall spending freeze the administration previously proposed. Orzag also said that for the next round of budget cuts, the president wants additional discretionary programs trimmed back. For the science community, this move is seen as a threat because almost all research funding is discretionary. In the most recent budget proposal, the administration proposed cuts to popular farmland conservation programs and research programs, as well as an array of proposed cuts to subsidies and research programs for fossil fuels. Environmental advocates who monitor the federal budget said today that they will recommend the administration look for significant cuts to programs that support fossil fuels or nuclear loan guarantees. The U.S. national debt recently rose to more than $13 trillion for the first time in the country's history.
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