Budget Reconciliation Legislation
Treasury Secretary Llyod Bentsen and OMB Director Leon Panetta, surrounded by other members of the President’s Cabinet, spoke in a news conf… read more
Treasury Secretary Llyod Bentsen and OMB Director Leon Panetta, surrounded by other members of the President’s Cabinet, spoke in a news conference to advocate the President’s economic program which emerged from a House and Senate conference committee earlier in the week. The Cabinet members praised the budget as being a small tax increase for upper income people in order to create the largest deficit-reduction program in history. Secretary Bentsen predicted the plan would pass when voted on by the House and Senate later in the week. close
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