This will be the second phase of the budget discussions for today as the President is slated to deliver remarks on education and outline his key budget priorities during a visit to Parkville Middle School at around 10:30 this morning.
Reports have the budget at the $3.7 Trillion range.
This will undoubtedly set off a chain reaction that will have politicians amped up and out in public screaming about the scale of the budget.
The budget that the President will outline, plans for a reduction of the deficit by $1.1 Trillion over a 10 year span.
Republicans are already calling this to little of a reduction.
The current projected deficit stands at $1.6 Trillion or 10.9% of the GDP, up from the previously forecast $1.4 Trillion.
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