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Obama sends Congress $3.9 trillion budget

President Barack Obama sent Congress a $3.9 trillion budget request with increased spending for employment, education and job-training programs to boost the economy.

By Roger Runningen, Derek Wallbank | Updated on March 04, 2014
President Barack Obama sits with Marcus Wesby and other preschooler during his visit to Powell Elementary School in Petworth, Washington, Tuesday, March 4, 2014. (AP Photo/Pablo Martinez Monsivais)

March 4 (Bloomberg) — President Barack Obama sent Congress a $3.9 trillion budget request with increased spending for employment, education and job-training programs to boost the economy, financed partly by trimming tax breaks for upper-income families and some businesses.

The sixth budget of Obama’s presidency, released eight months before the November midterm election, would enhance tax- credit programs for some families and childless workers and pump about $302 billion over four years into infrastructure projects such as roads and bridges. It would allocate $25 billion less for weapons and research than projected a year ago.

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