But in banking $620 billion in higher taxes over the coming decade from wealthier earners, Obama and his Republican rivals have barely touched deficits still expected to be in the $650 billion range by the end of his second term. And those back-of-the-envelope calculations assume policymakers can find more than $1 trillion over 10 years to replace automatic across-the-board spending cuts known as a sequester.
“They didn’t do any of the tough stuff,” said Erskine Bowles, chairman of Obama’s 2010 deficit commission. “We’ve taken two steps now, but those two steps combined aren’t enough to put our fiscal house in order.”
In 2011, the government adopted tighter caps on day-to-day operating budgets of the Pentagon and other cabinet agencies to save $1.1 trillion over 10 years.
Full recovery expected for Clinton
WASHINGTON (AP) — Secretary of State Hillary Rodham Clinton was released from a New York hospital on Wednesday, three days after doctors discovered a blood clot in her head.
Clinton’s medical team advised her Wednesday evening that she was making good progress on all fronts and said they are confident she will fully recover, said Clinton spokesman Philippe Reines. Doctors had been treating Clinton with blood thinners to dissolve a clot in a vein that runs through the space between the brain and the skull behind the right ear.
“She’s eager to get back to the office,” Reines said in a statement, adding that the secretary and her family are grateful for the excellent care she received at New York-Presbyterian Hospital.
Reines said details of when Clinton will return to work will be clarified in the coming days.
Clinton had been in the hospital since Sunday, when doctors discovered the clot on an MRI test during a follow-up exam stemming from a concussion she suffered earlier in December. While at home battling a stomach virus, Clinton had fainted, fallen and struck her head, a spokesman said.