Obama Unveils $3.83 Trillion Budget

President Obama sent a $3.83 trillion budget to Congress on Monday—a plan that includes a $100 billion jobs-creation measure, a fee on big banks, a tax hike on energy producers and families that earn more than $250,000, and a record $1.56 trillion deficit for 2010. The jobs measure would provide a tax break encourage businesses to hire and would boost government spending on infrastructure and energy projects. The fee on big banks would raise an estimated $90 billion.