October 26, 2005
Bush says open to across-the-board spending cuts
WASHINGTON (Reuters) - President George W. Bush said on
Wednesday he was open to across-the-board spending cuts in the
federal budget to help pay for hurricane assistance.
In a speech to the Economic Club of Washington, Bush also
said he was working with congressional Republicans on a plan
for pushing "significant reductions in mandatory and
level of federal spending under the Bush administration and
projections of up to $200 billion to help rebuild New Orleans
and the Gulf Coast after Hurricane Katrina.