Obama Unveiling $3.8T Federal Budget Blueprint

President Barack Obama speaks to a joint sessi...
Image via Wikipedia

The $3.8 trillion budget blueprint President Obama plans to submit to Congress on Monday calls for billions of dollars in new spending to combat persistently high unemployment and bolster a battered middle class.

But it also would slash funding for hundreds of programs and raise taxes on banks and the wealthy to help rein in soaring budget deficits.

Source: The Washington Post

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