WASHINGTON (AP) — President Barack Obama on Monday sent Congress a new budget that seeks to achieve $4 trillion in deficit reduction over the next decade while at the same time showering billions of dollars of increased spending on areas aimed at giving the economy a quick boost.
The submission was immediately attacked by Republicans as a retread of ideas Congress has already rejected. The battle is likely to extend all the way to the November elections with major decisions by Congress not expected until a lame duck session late in the year.
In a fact sheet previewing the budget, the administration sought to cast the debate as a fight to protect the middle class following decades of eroding security and a deep recession.
"We must transform our budget from one focused on speculating, spending and borrowing to one constructed on the solid foundation of educating, innovating and building," the administration said.
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