Obama budget

• President Obama called for more spending on community colleges, job training, infrastructure, and research and development as he touted an election-year budget that seemed to complete his shift in focus from budget cutting to job creation.
(Los Angeles Times)
• WASHINGTON – The $3.8 trillion budget proposed Monday by President Obama combines higher taxes on upper-income Americans with unprecedented cuts in spending, just to get annual deficits below $1 trillion for the first time in five years.
(USA Today)
• Do as I say, not as I do. That was the unwelcome message in President Barack Obama's federal budget for 2013. The president calls on Congress to begin work on corporate tax reform, including simplifying and lowering the overall corporate rate.
(Bloomberg)
• In all, the Obama budget itself would raise taxes on higher earners—those making more than $250,000 a year—by at least $1.5 trillion over the next decade.
(Wall Street Journal)
• The ink was barely dry on President Obama's budget request for FY2013 when House Republicans began lashing out in opposition while Democrats hurried to the president's defense.
(ABC News)
• President Obama plans to increase U.S. funding by 5 percent next year for research and development of a broad swath of technologies, according to his proposed fiscal 2013 budget, which was released today.
(CNET News)
• The budget that President Obama unveiled Monday is, at its heart, a political document, laying out his priorities and, not incidentally, reflecting the strategy he plans to pursue in his reelection bid.
(Baltimore Sun)
• (Updates with comment from Obama in second paragraph, oil industry group in 10th. For further information on the budget, see BUDG GO) Feb.
(Businessweek)