Obama unveils record US$3.8 trillion budget
US President Barack Obama unveiled a record US$3.8 trillion election-year budget plan Monday, calling for stimulus-style spending on roads and schools and tax hikes on the wealthy to help pay the costs.
US President Barack Obama has proposed a $3.8 trillion budget brimming with populist tax hikes on the rich and jobs spending designed to outflank Republicans as he seeks a second term.