This Morning On The Stephanie Miller SHow

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Hey everyone… as you probably can tell, Steph isn’t here today because she’s taking care of a family emergency, so enjoy Frangela and The Mooks today!!

Rep. Loretta Sanchez (D-CA) calls in at 7:30am Pacific to talk about President Obama’s new budget, the economy, and Obama’s speech to Congress this week.

President Obama told congressional leaders yesterday he’s planning to pull all combat troops out of Iraq by August 2010, which falls short of his campaign promise of bringing all combat forces home within 16 months. Obama also said he plans to keep 35,000 to 50,000 support troops on the ground in Iraq after combat troops are out.

President Obama yesterday unveiled a $3 trillion-plus budget that he says will halve the federal deficit by the end of his first term. The budget for fiscal year 2010 includes substantial investments in health care reform, renewable energy, and education. Obama also projects the deficit for fiscal year 2009 will reach $1.75 trillion.

The government is on the verge of closing a deal that could significantly boost its ownership stake in Citigroup to 40% from 8% today. In return, it will demand changes be made on the troubled banking giant’s board and other conditions.

The mayor of Los Alamitos, CA says he will resign after being criticized for sharing an e-mail picture depicting the White House lawn planted with watermelons under the title “No Easter egg hunt this year.”

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