Congress, Divided over Health Care Law, Faces a Budget Time Limit
09/18/2013
President Barack Obama speaks this week at the White House on several issues including the budget and the anniversary of the world financial crisis.
From VOA Learning English, welcome to As It Is! I’m Mario Ritter. Today, we hear about the budget debate in Washington.
"The first order of business must be to pass a sensible budget…”
President Obama is urging Congress not to delay action on legislation to finance government operations. But some lawmakers oppose America’s new health care law enough to do just that.
This week also marks five years since the worst financial crisis in a generation. Later we lighten up. Young business owners are making a profit with stores on wheels. We will hear about the upside of going mobile.
The Budget Debate Marches Toward Another Time Limit
In Washington, financial and economic issues are gaining urgency as October 1st nears. That is when the federal government begins its new fiscal, or financial, year. On Monday, President Obama called for a budget agreement between Democratic and Republican Party lawmakers. Yet budget cuts and political disputes over the new health care law threaten delays.
Currently, the government is operating under automatically enacted budget cuts, known as sequestration. In addition, the government may not have enough to pay for all government operations in the new fiscal year unless Congress approves more money.
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