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He again claimed that "we've identified $2 trillion in deficit reductions over the next decade".
The settlement provided that Lilco give customers $390 million in rate reductions over 10 years.
"Further local government funding reductions over the next five years are not an option.
The 18% target for reductions over the next decade sounds impressive.
Across all unprotected Whitehall departments the cumulative real rate of reductions over the spending review period is 19%.
Mr. Obama also said his administration had "identified $2 trillion in deficit reductions over the next decade".
The staff's union agreed to $287,000 in salary reductions over four months but still faces layoffs.
Instead, the Massachusetts rule will prompt a private-sector chase for the lowest-cost reductions over the next few years.
The House will take up a marriage penalty bill this week worth $182 billion in tax reductions over 10 years.
Sun will post additional charges related to job cuts and facilities reductions over the next several quarters, the company said.
In fact, I support the idea of roughly $400 billion in defence-spending reductions over ten years.
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