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Factbox: Details of U.S. President Obama's fiscal year 2015 budget

Started by riky, March 05, 2014, 09:00:19 AM

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riky

Factbox: Details of U.S. President Obama's fiscal year 2015 budget

(Reuters) - U.S. President Barack Obama released his fiscal year 2015 budget request to Congress on Tuesday, and lawmakers will promptly ignore it. Obama outlined how he would parcel out $1.014 trillion on government agencies' discretionary programs ranging from the military to national parks. The level, barely above this year's spending cap of $1.012 trillion, was set by a recent budget deal and forces Obama to make some difficult cuts to fund the programs he wants. If the president wants to spend more, he will have to sell Congress on the idea of raising additional revenues.

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