Economics
Obama to Send Multitrillion-Dollar Budget to Congress Feb. 14
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President Barack Obama will send a multitrillion budget to Congress on Feb. 14, administration spokesman Kenneth Baer said, setting up a conflict over spending that may dominate a divided Congress for the rest of the year.
The budget for fiscal 2012 is a political document that will put into precise language the administration’s priorities for increasing economic growth and creating jobs. Republicans who campaigned on promises to slash spending took control of the U.S. House of Representatives and reduced the Democrats’ majority in the Senate.