Administration releases new budget report.

POSTED: Tuesday, February 2, 2010 - 8:59am

UPDATED: Monday, August 9, 2010 - 12:13pm

President Obama's new budget is now in the hands of Congress and the $3.83 trillion dollar budget has tax cuts for businesses, help for the unemployed and money for state governments. The budget would also raise taxes for families making more than $250,000 dollars a year and increase the federal deficit to a record breaking 1.56 trillion dollars. President Obama blames that number on decisions made by the former administration.

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