Obama sends Congress $3.77T spending plan, riles both sides | Fox News

Obama sends Congress $3.77T spending plan, riles both sides | Fox News

The president's proposal being unveiled Wednesday includes an additional $1.8 trillion in deficit reduction over the next decade, bringing total deficit savings to $4.3 trillion, based on the administration's calculations. It projects that the deficit for the 2014 budget year, which begins Oct. 1, would fall to $744 billion. That would be the lowest gap between spending and revenue since 2008.