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
discretionary spending."

Some Republican conservatives have been outraged at the
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.