Obama's final budget proposal calls for 5% spending boost
US$4.15t package will mark closing rounds of lengthy fiscal battle with Republicans in Congress
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US President Barack Obama sent the final budget proposal of his presidency to Congress on Tuesday, a US$4.15 trillion package that will mark the closing rounds of a long-running fiscal battle with Republicans in Congress over the nation's spending priorities.
The proposal would boost total spending by 4.9 per cent, mainly as a result of increases in mandatory programmes, most notably Social Security, and a rise in interest payments on the national debt. In keeping with the two-year budget deal struck with Congress in December, the president requested only a slight increase, less than one per cent, in discretionary spending programmes overall, though Republicans still accused him of profligate spending.
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