Ryan and Obama may see common ground on budget

WASHINGTON - At least one possible area of common ground is emerging as Obama administration officials testify before Congress about the president's budget for next year. That issue is a boost in tax credits for the working poor.

The Republican chairman of the House Ways and Means Committee, Paul Ryan of Wisconsin, agrees with President Barack Obama on extending the earned income tax credit to more workers without children. He says he hopes Congress and the administration can agree on ways of financing that expansion.

ut at a Senate hearing, there was little sign of cooperation. Obama budget director Shaun Donovan defended the $4 trillion plan to the Senate Budget Committee, saying it will stabilize the deficit while raising taxes to ease what he called the ``mindless austerity'' of automatic spending cuts.

Full story: WJFW

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