Obama and his Cabinet talk budget

WASHINGTON (AP) – President Barack Obama’s Treasury secretary and White House budget director testify before key congressional committees today (Tuesday) about the president’s record $4 trillion budget.

And the budget will also be a top agenda item when Obama meets with his Cabinet.

The president wants to boost spending by $74 billion – divided equally between the military and domestic programs.

And he wants to raise taxes on the rich and give tax breaks to middle-class and the working poor. Republicans are calling it more taxing and spending.