President Releases Budget Proposal for 2014 Fiscal Year - Northern Michigan's News Leader

President Releases Budget Proposal for 2014 Fiscal Year

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President Obama just sent copies of the budget proposal for the upcoming fiscal year this morning.

The 3.8 trillion dollar plan would raise taxes on the rich and trim popular benefit programs including Social Security and Medicare.

The president's budget projects deficit reductions of $1.8 trillion over the next decade.

We will bring you continuing coverage, including more reaction on the implications of the budget, tonight on 9&10 News at 5:00.

To the left of this story, you can find a link to the President's 2014 fiscal year budget proposal.