White House proposes first $4 trillion budget

Published February 9, 2016 4:15pm ET



President Obama on Tuesday proposed the first $4 trillion federal budget in history.

In the last budget outline he will offer as president, Obama suggested adhering to the terms of the budget deal reached in December with congressional Republicans for fiscal year 2017, the last year he will be in office. That would allow another $30 billion in spending in 2017, and Obama’s budget clocks in at $4.147 trillion for that year.

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