Obama unveils $4tr budget
Arab Today
President Barack Obama put forward Monday a $4 trillion budget loaded with spending and tax reforms that will likely be dead on arrival at the Republican-controlled Congress.
The 2016 plan would see the deficit remain under three percent of gross domestic product, a level seen as sustainable. It also assumes the world's largest economy will grow at about 3.1 percent this calendar year, with unemployment at 5.4 percent and inflation of 1.4 percent.
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