April 5, 2013
FILE - In this April 3, 2013 file photo, President Barack Obama speaks at the Police Academy in Denver. A senior administration official said Friday, April 5, 2013 that Obama's proposed budget will call for reductions in in the growth of federal Social Security pensions and other benefit programs in an attempt to strike a compromise with congressional Republicans.
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WASHINGTON — President Barack Obama’s proposed budget will call for reductions in the growth of Social Security and other benefit programs while still insisting on more taxes from the wealthy in a renewed attempt to strike a broad deficit-cutting deal with Republicans, a senior administration official says.