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Budget chief faces grilling by Congress on shrinking surplus
President Bush argues there is ample money to fund defense and education while the nonpartisan CBO projects Social Security surpluses eroding. Budget chief Mitchell Daniels will testify before the House Budget Committee as lawmakers question fiscal health and near-certain use of Social Security funds. Bush signals potential capital gains tax cuts later, aiming to boost revenues for priority spending. Daschle and Lott press for assurances on protecting Social Security and debt reduction.
MENTIONED IN THIS ARTICLE
Washington
Bush
Mitchell Daniels
Congress
Daniels
House Budget Committee
Congressional Budget Office
White House
CBO
Senate
Tom Daschle
D-S.d
Daschle
Trent Lott
Rmiss
Texas
Lott
House
Dennis Hastert
Ari Fleischer