After promising the American people his team has already found $2 trillion in budget savings by scouring the federal budget, President Obama is planning to lay out some of the potential spending cuts in great detail when he unveils his first blueprint on Thursday, according to senior administration officials familiar with the budget plans. “My administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs,” Obama said Tuesday in a speech to a joint session of Congress.
