Obama to offer more details on US budget on Thursday

[FrenchieCat]

Source: REUTERS

WASHINGTON: President Barack Obama will offer more specifics on Thursday about his proposed $3.55 trillion budget.

In an outline of the spending proposals released in February, Obama laid out broad goals such as overhauling the health care system, fighting climate change and changing the tax code to shift more taxes toward the wealthy.

Republicans criticized it as a move toward big government. The version to be released on Thursday will offer greater detail on Obama's proposals for the coming fiscal year that begins in October, the White House said. The February document acknowledged huge deficits over the next few years.

The US fiscal deficit is expected to balloon to $1.75 billion this year but Obama says he inherited the red ink from the Bush administration and has pledged to reduce it. .
http://timesofindia.indiatimes.com/World/Obama-to-offer-more-details-on-US-budget-on-Thursday/articleshow/4480589.cms


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