Administration releases new budget report.
POSTED: Tuesday, February 2, 2010 - 9:59am
UPDATED: Monday, August 9, 2010 - 1:13pm
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.