Obama presented the draft budget for 2014 - a document for 3.77 trillion dollars
The public finance deficit for fiscal year 2014 will amount to 744 mld.USD or 4.4% of GDP, which would be the first deficit below 1 trillion since Obama into his first term.
Proposals to increase revenue have been previously rejected by Republicans. According to the actual Obama is presenting the draft budget compromise suitable building for negotiations on the actual design of the budget for next year.
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