Obama Proposes $3.8T
Mr. Obama outlined his budget priorities Monday at a community college
near Washington, highlighting his push to boost funding for the
education needed to help students get the technical skills needed to
land good jobs.
Congress has to approve the budget before it can become law, and members of the opposition Republican party are sharply critical of Mr. Obama's budget priorities. The ranking Republican on the Senate Budget Committee, Jeff Sessions, said the Obama budget is full of “budget gimmicks” that overstate savings and understate costs. Republicans in the House of Representatives are preparing their own budget proposal for what will highlight the differences between the major parties' approaches to taxes and government spending during this presidential election year.
Mr. Obama's budget plan includes $1 trillion in spending cuts required
by an agreement between the White House and Congress last August to
address the federal deficit and raise the country's debt ceiling.