Obama’s $3.8 trillion budget heading to Congress (AP)

Posted by admin | Posted in Politics | Posted on 31-01-2010-05-2008

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FILE - In this Jan. 27, 2010, file photo President Barack Obama delivers the first State of the Union address of his presidency on Capitol Hill in Washington. To the joint session of Congress Obama said, 'So, as temperatures cool, I want everyone to take another look at the plan we've proposed...  if anyone from either party has a better approach that will bring down premiums, bring down the deficit, cover the uninsured, strengthen Medicare for seniors and stop insurance company abuses, let me know... I'm eager to see it.' Vice President Joe Biden and House Speaker Nancy Pelosi are seen in the background.  (AP Photo/Tim Sloan, Pool, File)AP – President Barack Obama’s proposed budget predicts the national deficit will crest at a record-breaking .6 trillion in the current fiscal year, then start to recede in 2011 to .3 trillion, a congressional official said Sunday.

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