President Barack Obama 's fiscal 2015 budget request would boost U.S. tax revenues by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday.There is virtually no chance that Congress will advance Obama's plan in its entirety. But the CBO's latest analysis will feed campaign messaging by both Democrats and Republicans ahead of congressional elections in November.The analysis compares Obama's request to a new "baseline" estimate that CBO released last week that assumes no changes to current tax and spending laws.But Obama's budget plan is loaded with new policy changes, including an assumption that sweeping immigration reforms are enacted, producing a net 10-year deficit reduction of $158 billion.It proposes to boost revenues by limiting tax breaks for wealthy Americans and businesses, imposing a new tax on millionaires, raising tobacco taxes, and restoring estate and gif...
Sen. Barrasso critical of president's spending policies
Tense moment caught on tape
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President Barack Obama's budget for the next fiscal year will propose stiffer tax rules for U.S. companies with overseas operations, The Wall Street Journal reported...
President Barack Obama on Friday urged Congressional negotiators to craft a budget deal that was "prudent" but also expanded spending on education and scientific res...
President makes statement on budget deal from White House
Treasury secretary on 'Fox News Sunday'
FBN’s Peter Barnes reports on protests by Tea Party activists against the IRS.
A look at what President Obama's $3.8 trillion budget plan translates into for small business.
Art Laffer breaks down president's plan
Congressman Alan Grayson (D-FL) talks to Alan about what progressives don't like about the president's budget plan.
Panel sums up this week's hot topics
Obama electioneering preparing for November is underway. Plus - Scandals that just won't go away
Moody’s Capital Markets Chief Economist John Lonski on the markets.
Rep. Mike Pompeo says President Obama ’s budget will leave the U.S. begging for money down the road.
FBN’s John Stossel weighs in on President Obama ’s budget plan.
Effort to control health care costs working?
Minnesota lawmaker sounds off
President Barack Obama proposed new tax credits and job-training programs for U.S. workers on Tuesday in a 2015 budget that highlights stark differences with Republi...