WASHINGTON (AP) — It's a microcosm of the budget battling that has consumed Congress all year: The Obama administration wants federal agencies to save money while Republicans push for additional savings to take a substantial bite out of the government's towering pile of IOUs.
White House budget chief Jacob Lew (top) has ordered agency heads to submit spending plans for the upcoming budget at least 5 percent below this year's levels. He also wants them to propose ways to trim a total of at least 10 percent of their spending.
Michael Steel, a spokesman for House Speaker John Boehner, R-Ohio, said Thursday that Lew's directive was a good way to start finding spending cuts that are required under the recent debt-ceiling agreement between the two sides.
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