Obama Calling for $3.73 Trillion in Federal Spending
President Obama unveiled his 2012 budget proposal on Monday, consisting of budget cuts and tax increases, which the administration says will reduce the deficit over the next decade, and calling for $3.73 trillion dollars in federal spending.

BUDGET 2012: Copies of the proposed federal budget of FY 2012 are seen at the Government Printing Office Feb. 14 in Washington. Alex Wong/Getty Images
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