Critics say Obama's budget spending cuts will damage economic growth, push more Americans into poverty
Published 02/14/2012, AP Economics Writer
Treasury Secretary Timothy Geithner told Congress Tuesday that the president's new $3.8 trillion spending plan would impose new taxes on only 2 percent of the nation's wealthiest families and the alternative would be to seek more painful cuts in other government programs such as defense, Social Security and Medicare.Word count: 798
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