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Obama to propose $3 trillion in deficit cuts

President Barack Obama will release a plan on Monday calling for more than $3 trillion in deficit cuts over 10 years, with about half of the savings coming from higher taxes on the wealthy and big corporations.

Obama unveils $3.73 trillion budget for 2012

President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.

White House Predicts Record $1.47 Trillion Deficit

The new estimates paint a grim unemployment picture as the economy experiences a relatively jobless recovery.

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