Congress Passes $3.4 Trillion Budget

Do you think the timing is coincidental? On President Obama’s hundredth day in office, the House and Senate passed a $3.4 trillion budget that is geared toward aiding Obama's lofty goals, including health care reform, but scaled back some of his spending and tax-cut proposals to hit a $523 billion deficit target by 2014. The bill's approval was clearly split along party lines in both the House (233-193) and Senate (53-43); notably, the budget failed to include a renewal of a $400 tax cut for workers that was advocated by the president.