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Obama to Release His Budget Plan April 10

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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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