President Obama plans to announce a three-year freeze on discretionary, “non-security” spending in the lead-up to Wednesday’s State of the Union address, Hill Democratic sources familiar with the plan tell POLITICO.
The move, intended to blunt the populist backlash against Obama's $787 billion stimulus and an era of trillion-dollar deficits — and to quell Democratic anxiety over last Tuesday’s Massachusetts Senate election — is projected to save $250 billion, the Democrats said.
Full story: Obama to propose spending freeze – Glenn Thrush and David Rogers – POLITICO.com