Obama Tactics for a Balanced Budget

Nice move. Will it work?

Clipped from www.reuters.com

Factbox: Five facts about CIA director Leon Panetta

* Panetta, 72, is a long-standing Democrat who made his mark in Washington with success in cutting the federal budget deficit during the 1990s.

Clinton appointed him to head the Office of Management and Budget where he helped shape Clinton's 1993 budget agreement that raised taxes and moved the country on track to balance the budget.

He quit the Republican party and became a Democrat in 1971 and was elected to his first term in Congress in 1976 Read more at www.reuters.com