Obama to deliver US budget plan

A $4 trillion debt cut expected in US president's proposal, but critics call it a repeat of past failed policies.

    President Barack Obama is scheduled to submit to the US congress his 2013 budget proposal, which attempts to chart a fiscal path for the next 10 years.

    It aims to cut debts by $4 trillion so that deficits fall to 2.8 per cent of the economy over the next 10 years, down from 8.5 per cent forecast for this year.

    But, Republicans are already saying the budget plan repeats the same failed policies as Obama's previous proposals.

    Al Jazeera's John Terrett reports from Washington.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    How different voting systems work around the world

    How different voting systems work around the world

    Nearly two billion voters in 52 countries around the world will head to the polls this year to elect their leaders.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    The great plunder: Nepal's stolen treasures

    The great plunder: Nepal's stolen treasures

    How the art world's hunger for ancient artefacts is destroying a centuries-old culture. A journey across the Himalayas.