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The Early Word: Risk

In Today’s Times:

  • In a politically risky move, President Obama will present a budget next week that proposes cutting some entitlement programs in line with the compromise he offered to Speaker John A. Boehner during negotiations last year, Jackie Calmes reports.
  • Long a reliable source of funding for tough campaign battles, Senator Charles E. Schumer of New York has taken on a less combative role as an important emissary for the Democrats, building legislative bridges through his connections with Republicans and the White House, Jeremy W. Peters reports.
  • Administration officials and some members of Congress have rushed to show solidarity with federal employees suffering from the across-the-board spending cuts known as the sequester, announcing they will voluntarily take pay cuts, Jeremy W. Peters reports.
  • Mr. Obama described the difficult politics confronting him on the environment to donors on Wednesday, appearing to lean toward approving the Keystone XL pipeline, Michael D. Shear reports.

Washington Happenings:

  • Mr. Obama and Vice President Joseph R. Biden Jr. will speak at the annual Easter Prayer Breakfast at the White House on Friday.
  • The Labor Department releases its March jobs numbers on Friday at 8:30 a.m.