No earmarks
President-elect Barack Obama said today in a meeting with members of his budget team that he will ban earmarks from the American Recovery and Reinvestment Act that will soon go before Congress.
The President-elect also said he expects his administration to inherit a budget deficit of up to $1 trillion.
He was joined in the meeting by Peter Orszag, Director-designate, Office of Managment and Budget; Christina Romer, Christina Romer, Director-designate, Council of Economic Advisors and Lawrence Summers, Director-designate, National Economic Council, among others.
Below are pictures and video from the event.
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