February 25, 2009
Last night, President Barack Obama addressed a joint session of Congress to give a preview of his first budget request. While it was short on actual numbers, the President did pledge to seek cuts in certain defense, farm, and education programs and root out waste in government spending. He further said that his administration has already identified nearly $2 trillion dollars in savings over the next decade through cuts to programs that they consider wasteful and ineffective. Obama is expected to release an outline of his first budget request on Thursday. We expect that this will provide broad budget numbers at the agency level but not a lot of detail for individual programs. It will, however, provide us with a glimpse of how the administration will begin to increase — or decrease — funding for certain programs. The Office of Federal Relations will look for those items that might affect the UW, including those affecting education and research programs.