Obama to Unveil $4T Proposed Federal Budget

On Monday, President Obama unveils his blueprint for future U.S. government spending, a proposed $4 trillion federal budget for 2016. The weighty document constitutes an opening bid in a lengthy debate about America’s finances that will expose sharp divides between a Democratic president and a Republican-controlled Congress. First, some good news: the federal deficit has fallen by more than 50 percent in recent years. America’s improved finances allow for a renewed focus on domestic...

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