U.S. Transportation, Security Budgets Flat for 2011

(R.G. Edmonson — Journal of Commerce)

President’s budget proposal adds 2.3 percent for both departments

Initial figures for fiscal 2011 indicate that the departments of Transportation and Homeland Security will be marking time financially in fiscal 2011, in keeping with President Obama’s promise last week to freeze the budget as a deficit-reduction measure.

The bottom-line numbers published Monday for both departments show a 2.3 percent increase over fiscal 2010, which barely keeps up with inflation. According to the Bureau of Labor Statistics, the Consumer Price Index grew 2.7 percent in 2009; the Producer Price Index grew 4.4 percent. Read more here.