Energy budget holds major cuts

President Obama's proposed 2012 budget for the Energy Department slashes spending for hydrogen and fossil fuel research programs by almost 50 percent and shutters parts of two national labs, according to a fact sheet on Energy's budget obtained by National Journal.

"Fiscal responsibility demands shared sacrifice -- it means cutting programs we would not cut in better fiscal times," Energy Secretary Steven Chu said in an e-mail sent out today to all department staff, labs and sites.

As Obama called for in his State of the Union address, Energy's budget eliminates $3.6 billion worth of oil and gas subsidies. It also repeals coal subsidies, which the president did not mention in his speech last month. Obama has done this in his past two budget proposals. It has never passed Congress and isn't expected to this time given the GOP-controlled House and a more conservative Senate than the one in the last Congress.

Read the full story on NationalJournal.com

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Sponsored by eSignLive by VASCO

    Mobile E-Signatures for Government

    Learn 5 key trends that accelerate government demand for mobile signing.

    Download
  • Sponsored by Management Concepts

    SPONSORED: Successful Change Management Practices in the Public Sector

    How governmental agencies implement organizational change management.

    Download
  • Sponsored by Kronos

    Solving the Workforce Compliance Challenge

    Download this eBook to learn how data and automation can help state and local agencies.

    Download

When you download a report, your information may be shared with the underwriters of that document.