Obama Said to Seek 7% Budget Boost, Setting Up Fight With Congress

Source: Bloomberg

(Bloomberg) -- President Barack Obama will ask Congress for as much as $68 billion more than current budget limits in fiscal 2016, according to two people familiar with the administration’s proposal.

The request sets up a fight with the Republican-led House and Senate over whether to reverse part of the SPENDING limits that the U.S. Congress and the White House agreed to in fiscal deals earlier this decade.

The new SPENDING would mean as much as $34 billion each for the national SECURITY and domestic sides of what will be a budget of almost $4 trillion. It will be detailed in the budget proposal Obama will send to Congress on Feb. 2.

That amounts to an almost 7 percent increase over discretionary-SPENDING levels prescribed by automatic cuts known as sequestration voted into law in 2011, according to the people, who asked for anonymity because the budget plan hasn’t been released.

Read more: http://www.bloomberg.com/politics/articles/2015-01-15/obama-budget-to-seek-spending-boost-of-nearly-7-percent