Obama budget plan will drop his past offer to trim cost-of-living hikes in federal benefits

  • by: JIM KUHNHENN , Associated Press
  • Updated: February 20, 2014 - 6:20 PM

WASHINGTON — President Barack Obama will propose an election-year budget that would drop reductions he had previously embraced in federal benefits, officials disclosed Thursday. He also will ask Congress to approve about $56 billion in new or expanded programs, stepping back from aggressive efforts to tackle long-term government deficits and debt.

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