BREAKING NEWS

Obama unveils budget; Republicans want more cuts

By ASSOCIATED PRESS

FEBRUARY 14, 2011 17:51

WASHINGTON — President Barack Obama is unveiling his $3.73 trillion spending plan that is certain to ignite a political battle with Republicans who say the proposed budget is too timid about reducing the spiraling US debt.

Speaking at a school in Baltimore, Maryland, the president said Monday that his proposed budget will allow him to keep his promise to cut the nation's budget deficit by half at the end of his first term in office, which has two years to run.

The budget issue, always contentious, is more so in this spending cycle with the arrival of new Republicans backed by the low-tax, small-government tea party movement in the House of Representatives.

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