Obama’s second-term agenda will be shadowed by budget woes



Any agreement is likely to result in less than the $1.6 trillion in new taxes over the next decade that Obama requested in his initial offer to House Republicans, and White House aides are signaling to allies that any new money from taxes would be used almost entirely for deficit reduction — not for ambitious, new spending programs or government expansions.

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Obama’s second-term agenda will be shadowed by budget woes