Washington (CNN) -- President Obama will announce in Wednesday's State of the Union address that he's proposing to save $250 billion by freezing all nonsecurity federal discretionary spending for three years, according to two senior administration offici… more »

By Laura Litvan Jan. 23 (Bloomberg) -- There is a “fighting chance” President Barack Obama will propose a freeze in most discretionary spending by the federal government in his State of the Union speech next week, Senator Evan Bayh, an Indiana Demo… more »