President Bush’s final budget, a $3-trillion plan offered on Monday that would continue his tax cuts and sharply reduce domestic spending, has little chance of surviving in a Democratic Congress. But the problems it lays out will survive and grow, presenting tough choices for the next administration.
When the aging state-owned Weifang East Steel Pipe factory here in China’s northern coastal plains fell into insolvency a few years ago, unpaid workers at first responded by blocking the factory gates and marching angrily on a nearby municipal building.
With its military spending increases, reductions in popular domestic programs and calls to extend tax cuts, President Bush’s $2.9 trillion budget for 2008 drew fire from Democrats the minute it landed on Monday.
A World Bank committee charged on Monday that Paul D. Wolfowitz violated ethical and governance rules as bank president by showing favoritism to his companion in 2005. In response, the Bush administration mounted a last-ditch global campaign to save Wolfowitz from being ousted from office. On a day of rapid developments that intensified the furor over Wolfowitz at the bank, in the Bush administration, and at government ministries around the world, the special committee that has investigated his conduct in the last month issued a scathing set of conclusions that seemed certain to hasten a decision on Wolfowitz's fate.
Bowing to pressure from the Bush administration, the World Bank board agreed Wednesday to give Paul D. Wolfowitz, the bank’s president, slightly more time to defend himself against charges of misconduct before the board decides his future.
Paul D. Wolfowitz, signaling anew that he will fight for his job as World Bank president, has enlisted a prominent lawyer who defended President Bill Clinton against accusations of sexual misconduct to help convince the bank's board that Wolfowitz has done nothing to justify being ousted.
Paul D. Wolfowitz sought Wednesday to quell discontent over his leadership of the World Bank by promising top aides that he would change his management style, but he suffered a blow when one of those aides urged him to resign, bank officials said.