Weekly Address: Reining in Budget Deficits

Weekly Address: Reining in Budget Deficits

The President pledges to rein the deficit, citing three specific steps to this end. He praises the Senate for restoring the pay-as-you-go law, discusses his proposal for a freeze in discretionary spending, and calls for a bipartisan Fiscal Commission to hammer out further concrete deficit reduction proposals. January 30, 2010.