Getting your player ready...
President Barack Obama wants to cut $2.5 billion from a $5 billion home heating aid program for the poor, two people familiar with his 2012 budget proposal said Wednesday, halving the popular fund as he looks for places to rein in federal spending.
The proposal would cut the Low-Income Home Energy Assistance Program to its 2008 level of about $2.5 billion.
The individuals, including a congressional aide who was briefed on the proposal, discussed the details on condition of anonymity because Obama’s spending plan has not been issued. It is being released Monday.
