QUICK LINKS:

Obama 2015 budget focuses on boosting economy

Created: 03/04/2014 6:15 AM WHEC.com
By: Associated Press

President Barack Obama is unwrapping a nearly $4 trillion budget that gives Democrats an election-year playbook for fortifying the economy and bolstering peoples' incomes. It also underscores how pressure has faded to launch bold, new attacks on federal deficits.
    
Obama is sending his 2015 fiscal blueprint to Congress Tuesday. It is expected to include proposals to upgrade roads, finance pre-kindergarten programs and enhance job training.
    
The White House said it would enlarge the earned income tax credit to cover 13.5 million low-earning workers without children and provide other tax breaks.
    
Aides say Obama's budget will obey overall spending limits Congress enacted in December, following a bipartisan compromise. But he will also propose an additional $56 billion in defense and domestic spending - paid for with spending cuts and revenue increases.
 

Credit: Win McNamee, Getty Images


News10NBC/WHEC-TV welcomes your opinion and interaction on our website, but please remember to keep it clean. If you're advertising for another business, being profane, vulgar or slanderous your post will be deleted. By commenting on this website, you agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Use. Comments are not pre-screened before they posted.



Rochester

Scattered Clouds
69°
76° | 55°
  • Feels like: 69° F
  • Wind: NNE 5mph
  • Humidity: 70%
  • Sat Partly cloudy
    86° | 59°
  • Sun A few thunderstorms possible
    80° | 69°
  • Mon Scattered thunderstorms
    82° | 68°
  • Tue Showers and thunderstorms
    81° | 69°