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Obama to Release His Budget Plan April 10

The White House says President Barack Obama will release his 2014 federal budget proposal on April 10.

Under the law, the president was supposed to submit a budget on February 4. But White House aides said Thursday the back-and-forth in Congress over 2013 government spending and taxation delayed the release of the president's proposal for next year.

The Republican-controlled House of Representatives and the Democratic-controlled Senate passed rival budgets this month. Mr. Obama's plan is expected to create further disagreement on how to cut the government's enormous deficit.

The Senate budget plan creates about $1 trillion in new revenue through tax increases over the next ten years. The House version balances the budget over the next decade through big reductions in spending without raising taxes.

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