Obama budget emphasizes education work aid and parks funding
President Obama presents a 3.9 trillion budget for the 2015 fiscal year aimed at expanding help for the working poor and funding road building education and research. The plan includes over 1.1 trillion in tax increases on the wealthy while preserving some Social Security protections and promotes job training and early childhood programs.
MENTIONED IN THIS ARTICLE
Washington, D.C
Barack Obama
Obama
Senate Budget Committee
Adam Kamp
Capitol Hill
Obama budget foresees unemployment not under 6 percent before 2017
The White House projects a $3.9 trillion budget for next year and an unemployment rate stubbornly above 6 percent until 2017. Deficit would fall to $564 billion in 2015 and $458 billion in 2017, with the jobless rate easing to about 5.4 percent by 2018 from 6.6 percent in January.
MENTIONED IN THIS ARTICLE
White House
Washington, D.C
Barack Obama
U.S
Pentagon defense plan trims forces to modernize the Army
The 2015 spending plan proposed by the Pentagon would reduce active Army strength from 490,000 to 440,000-450,000 over five years. It aims to field a smaller yet more modern force while maintaining commitments to European allies amid tensions with Russia. The plan totals about 496 billion dollars as part of a 3.9 trillion federal budget.
MENTIONED IN THIS ARTICLE
Washington, D.C
Pentagon
America
Russia
Defense
Chuck Hagel
Congress
U.S
Europe
Asia
Barack Obama
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