Monday
Feb012010
Interior Department Budget Slightly Down From Last Year
By Sofia Sanchez - University of New Mexico/Talk Radio News Service
Interior Secretary Ken Salazar outined his department's 2011 budget on Monday.
"Our mission is as simple as it is profound: we protect America's natural resources and cultural heritage. The 2011 budget will allow us to carry out our stewardship responsibilities in a way that provides the American people the maximum value for their tax dollars and a fair return for the resources we mange in their name," said Salazar.
President Barack Obama proposed a $12.2 billion budget for the department for fiscal year 2011.
According to a statement released by the DOI, the administration's request for the DOI contains $750 million in reductions and terminations of lower priority programs and elimination of the one-time funding. The 2011 budget is $38.7 million or 0.3% below the level enacted by Congress for 2010.
Salazar said that his department's budget would include funds for protecting treasured landscapes and a new WaterSMART program that will sustain and manage America's resources for tomorrow.
Salazar also highlighted "the importance of honoring trust responsibilities and empowering tribal nations." His budget calls for a total of $2.6 billion to honor the nation's commitments to the American Indian and Alaska Native communities.
Interior Secretary Ken Salazar outined his department's 2011 budget on Monday.
"Our mission is as simple as it is profound: we protect America's natural resources and cultural heritage. The 2011 budget will allow us to carry out our stewardship responsibilities in a way that provides the American people the maximum value for their tax dollars and a fair return for the resources we mange in their name," said Salazar.
President Barack Obama proposed a $12.2 billion budget for the department for fiscal year 2011.
According to a statement released by the DOI, the administration's request for the DOI contains $750 million in reductions and terminations of lower priority programs and elimination of the one-time funding. The 2011 budget is $38.7 million or 0.3% below the level enacted by Congress for 2010.
Salazar said that his department's budget would include funds for protecting treasured landscapes and a new WaterSMART program that will sustain and manage America's resources for tomorrow.
Salazar also highlighted "the importance of honoring trust responsibilities and empowering tribal nations." His budget calls for a total of $2.6 billion to honor the nation's commitments to the American Indian and Alaska Native communities.
Geithner Feels The Heat From Both Sides Of The Aisle
U.S. Treasury Secretary Timothy Geithner faced strong, bipartisan criticism Tuesday during a hearing with the Senate Finance Committee over the president's proposed budget for fiscal year 2011.
Jim Bunning (R-Ky.) hit Geithner with questions about the AIG bailout.
"I want to give you a chance to set the record straight. Why did you believe AIG could not afford to fail?" asked Bunning.
Geithner responded "we believe that the failure of AIG would have been catastrophic to the stability of the financial system."
Sen. Jay Rockefeller (D-W.VA) expressed his disappointment with the administration's proposed incentives for renewable energy, which Rockefeller said could hurt the coal power industry, a powerful player in his home state.
"Thank goodness this is the president's budget. it's staying power might be a week or two. We write the legislation," quipped Rockefeller.
Geithner responded, "we are very supportive of making significantly larger incentives and subsidies to encourage clean energy including clean coal." However, when asked by Rockefeller whether the support for the coal industry was included in the budget, Geithner conceded that it was not.