Carney said Obama’s budget shrinks the annual deficit “to a very manageable level” and follows a balanced approach that bipartisan budget groups have all used, with a mix of revenue and spending cuts. He said the president’s approach largely follows the Simpson-Bowles fiscal commission, which Obama never fully embraced.
Senior administration officials, meanwhile, insisted that a Republican push to undo the sequester on defense spending wasn’t going anywhere, and they are already looking ahead to the lame-duck session after the elections for a climactic battle over spending and taxes.
Terri Henderson, 6, center, whose mother is El Salvador, attends a rally with members of Congress at Union Station's Columbus Circle to announce the Restore Opportunity, Strengthen, and Improve the Economy (ROSIE) Act on July 29, 2014. The legislation provides incentives for government contractors to pay a living wage and other benefits that would help low-income workers.