Congress Passes Prez's Budget

With both the House and the Senate passing their own versions of President Obama’s $3.5 trillion spending plan yesterday, Obama can finally get to work on the ambitious goals he laid out during the campaign. Both houses of Congress voted to trim the budget slightly to curtail his spending proposals and trim his plans to cut taxes, but the blueprints will give the President the opportunity to achieve tax cuts for the middle class, health care for the uninsured, money for college loans, and a cap-and-trade system to reduce global warming. The battle, however, is far from won: next, a conference committee will convene to discuss the differences between the two chambers' plans, as there is little agreement over the details.