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The Boston Globe

Nation

Obama expected to propose cuts to Social Security, Medicare

WASHINGTON — President Obama will take the political risk next week of formally proposing cuts to Social Security and Medicare in his annual budget in an effort to demonstrate his willingness to compromise with Republicans and revive prospects for a long-term deficit-reduction deal, administration officials say.

In a significant shift in fiscal strategy, Obama will send a budget plan to Capitol Hill on Wednesday that departs from the usual presidential wish list that Republicans typically declare dead on arrival. Instead it will embody the final compromise offer that he made to Speaker John A. Boehner late last year, before Boehner abandoned negotiations in opposition to the president’s demand for higher taxes from wealthy individuals and some corporations.

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