As expected, President Obama on Tuesday unveiled a $3.9 trillion budget plan for fiscal 2015 that his number crunchers say would produce a $564 billion deficit.
The gap between spending and revenue, while large, would be down from more than $744 billion this fiscal year and a record $1.4 trillion in 2009 — a fiscal year that began when President George W. Bush was still in office. Since then, deficits during the Obama years have topped $1 trillion three times.
Russia's explanation for its military response to the crisis in Ukraine doesn't match real events, President Obama and Secretary of State John Kerry said Tuesday. Speaking at news conferences held within moments of each other on different continents, they urged Russia to de-escalate the situation.
After unveiling his 2015 budget blueprint in Washington, D.C., the president was asked about Russian President Vladimir Putin's approach to the situation in Ukraine.