Obama sends Congress $3.8 trillion budget plan
World BusinessApr 11, 2013
President Barack Obama sent Congress a $3.8 trillion budget plan that hopes to tame galloping deficits by raising taxes on the wealthy and trimming the country's most popular benefit programs. In aiming for a compromise between Republicans who refuse to raise taxes and Democrats who want to protect those benefits, he's upset some on both sides.The White House wants to break away from the current cycle of moving from one fiscal crisis to another while the government skirts the brink of a shutdown