Politics Breaking News: Obama Speeches Renew Budget Debate as Deadlines Loom

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Politics Breaking News: Obama Speeches Renew Budget Debate as Deadlines Loom

Politics Breaking News: Obama Speeches Renew Budget Debate as Deadlines Loom
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Politics Breaking News: Obama Speeches Renew Budget Debate as Deadlines Loom

by Wochit 1:10 mins

The great budget battle of 2013 begins in earnest with speeches by President Barack Obama that will emphasize his economic fairness message in the face of Republican demands for more sharp spending cuts. Seeking to focus public attention on the problem he was sent to the White House to solve, President Barack Obama is making a renewed push for policies to expand the middle class, helping people he says are still treading water years after the financial meltdown. According to people who have been briefed on the administration's thinking, President Barack Obama is leaning towards former White House Economic Adviser Larry Summers as his choice to replace Ben Bernanke as chairman of the Federal Reserve. Liberal critics of Summers' economic record, along with those who continue to question his ability to work with women, are waging a last-minute campaign to persuade the president to change his mind and instead choose the other frontrunner for the job, Fed Vice Chair Janet Yellen.

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