When President Obama unveils his budget Monday, it will project a $1.3 trillion deficit this year, and just under $1 trillion in 2013. It would increase spending on education, research and development and transportation. It would also increase taxes on the wealthy and cut spending, including on defense.
Presidential budgets are almost always aspirational documents. They lay out a vision, not what the president actually thinks will happen.
Stung by a series of defeats earlier this week, Mitt Romney got a much-needed boost Saturday with a win in the straw poll of the Conservative Political Action Conference and a victory in Maine's nonbinding caucuses.
Yet Romney walked away without delegates and tallied fewer votes there than he did four years ago. This time, he barely beat rival Ron Paul.
A poster reading "The Peseta is back" and displaying pictures of pesetas notes is pictured in Salvaterra de Mino, northwestern Spain. Some areas in Spain are returning to the former currency to weather Europe's debt crisis.