Obama Budget To Cut Deficit By $1.1 Trillion Over 10 Years
Reuters reports: "President Barack Obama proposed a budget on Monday that would cut the U.S. deficit by $1.1 trillion over 10 years, setting the stage for a bitter fight with Republicans who vow even tougher spending controls...Details of the budget proposal provided by the White House before its official release showed the deficit rising to $1.645 trillion in fiscal 2011, then falling sharply to $1.101 trillion in 2012. This trend would trim the deficit as a share of the U.S. economy to 3.2 percent by 2015 from 10.9 percent this year."
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Obama's Day Ahead
President Obama will depart from the White House at 9:20 a.m. ET, en route to Baltimore, Maryland. At 10:10 a.m. ET, he will visit a science classroom at Parkville Middle School and Center of Technology, and deliver remarks on education and key budget priorities at 10:20 a.m. ET. He will arrive back at the White House at 11:45 a.m. ET.