Barack Obama

Obama To Drop Entitlement Cuts From Proposed 2015 Budget

Will be released next month

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President Barack Obama is done pretending that he'll get any new budget cooperation from House Republicans.

His proposed 2015 budget, due to be released next month, will stick to the economic strategy the White House has laid out without the compromise suggestion he floated last year, White House officials said Thursday.

Gone, the White House said, is Obama's proposal for chained CPI — an offer to reduce the the benefit increases for Social Security and other federal social programs.