Proposed House cuts to the Executive Office of the President's (EOP) budget will hurt administration efforts to cut the deficit, the White House argues. The Obama administration made the argument in comments on H.R. 2434, the 2012 Financial Services and General Government Appropriations Act. That bill could be on the House floor as early as next week, and would decrease funding for the EOP from $705 million to $640 million. "The level of resources provided in the bill would significantly impact the EOP's role in assisting the president in carrying out his constitutional duties as head of the executive branch,...