Obama to Seek 7 Percent Federal Budget Increase

$68 billion

Increase in the federal budget that President Obama will ask Congress for beyond the current budget limits in fiscal 2016, Bloomberg reports. “The request sets up a fight with the Republican-led House and Senate over whether to reverse part of the spending limits that Congress and the White House agreed to in a series of fiscal deals earlier this decade… It’s a bold move at a time when many Republicans in Congress say they are eager to make deeper cuts in spending and are invigorated by a November election in which they expanded their House majority and seized control of the Senate.”

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