Obama Unveils $4T Proposed Federal Budget

U.S. President Barack Obama sent a $4 trillion spending proposal to Congress that calls for higher taxes on the wealthy in 2016, an end to mandated spending cuts, and more money to help the country's financially-strapped middle class.

The Democratic president acknowledged Monday many of his proposals will face stiff opposition from Republican's in Congress.  But he said the country has "some fundamental choices to make about the kind of country we want to be.READ MORE OF THIS STORY

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