ad info




CNN.com
 MAIN PAGE
 WORLD
 U.S.
 LOCAL
 POLITICS
 WEATHER
 BUSINESS
 SPORTS
 TECHNOLOGY
 SPACE
 HEALTH
 ENTERTAINMENT
 BOOKS
 TRAVEL
 FOOD
 ARTS & STYLE
 NATURE
 IN-DEPTH
 ANALYSIS
 myCNN

 Headline News brief
 news quiz
 daily almanac

  MULTIMEDIA:
 video
 video archive
 audio
 multimedia showcase
 more services

  E-MAIL:
Subscribe to one of our news e-mail lists.
Enter your address:
Or:
Get a free e-mail account

 DISCUSSION:
 message boards
 chat
 feedback

  CNN WEB SITES:
CNN Websites
 AsiaNow
 En Español
 Em Português
 Svenska
 Norge
 Danmark
 Italian

 FASTER ACCESS:
 europe
 japan

 TIME INC. SITES:
 CNN NETWORKS:
Networks image
 more networks
 transcripts

 SITE INFO:
 help
 contents
 search
 ad info
 jobs

 WEB SERVICES:

  Transcripts

CNN Today

President Clinton Unveils His Budget Proposal

Aired February 7, 2000 - 1:06 p.m. ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

LOU WATERS, CNN ANCHOR: President Clinton unveiled the final budget of his administration today, but it doesn't appear to be any more popular with Republicans than his previous spending plans.

CNN White House correspondent Major Garrett has the details.

MAJOR GARRETT, CNN CORRESPONDENT: Lou, the president this morning enthusiastically painted a picture of a debt-free America by the year 2013. And he said his budget was the best way to get there.

(BEGIN VIDEO CLIP)

WILLIAM J. CLINTON, PRESIDENT OF THE UNITED STATES: It is a balanced budget with a balanced approach to our national priorities. It maintains our fiscal discipline, pays down the debt, extents the life of Social Security and Medicare, and invests in our families and our future.

(END VIDEO CLIP)

GARRETT: Republicans have been pouring over the budget all day, and they contend new spending proposals gobble up too much of the surplus.

(BEGIN VIDEO CLIP)

SEN. PETE DOMENICI (R-NM), CHAIRMAN, BUDGET COMMITTEE: It is a budget that's on autopilot in terms of all the programs of our country for 10 years. They're growing at the rate of inflation automatically. And then there's about $340 billion in new programs. And the more you look at it, the more you wonder, is this an overconscious effort to put so many spending programs on the line that there will be nothing left of any significance to give back to the American taxpayers even when you have the largest surplus in the history of America.

(END VIDEO CLIP)

GARRETT: The president's budget is only a blueprint, and Congress is already drafting its response. And confrontations loom on tax cuts, prescription drug benefits and defense spending -- Lou.

WATERS: Major Garrett at the White House.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com

  ArrowCLICK HERE FOR TODAY'S TOPICS AND GUESTS
ArrowCLICK HERE FOR CNN PROGRAM SCHEDULES
SEARCH CNN.com
Enter keyword(s)   go    help

Back to the top   © 2001 Cable News Network. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines.