US President Barack Obama will present a $3.8 trillion Budget proposal for the financial year 2011 on Monday, the New York Times reported.
"President Obama will send a $3.8 trillion Budget to Congress on Monday for the coming fiscal year," the NYT said.
The Budget would increase financing for education and for civilian research programmes by more than 6 per cent. "Many programmes at the National Institutes of Health, the National Science Foundation and the Energy Department are in line for increases, along with the Census Bureau," it added.
The Budget, for the 2011 fiscal, which begins in October, would provide $25 billion for cash-starved states, even as Obama seeks to freeze much domestic spending for the rest of his term, said the report.
Obama's 2011 Budget would provide more for the Pentagon's Special Operations forces, the Army's Black Hawk and Chinook helicopters, and the F-35 Joint Strike Fighter.
For the current fiscal, the administration is working with Congressional Democrats for up to $150 billion — on top of $1 trillion in stimulus measures to date — to spur job creation.
Obama and Congressional Democrats have said they will extend most of the Bush-era tax cuts scheduled to expire on December 31.
Obama wants Congress to let the tax cuts lapse for high-income people so that couples making over $250,000 will see their taxes rise. But some Democrats are urging Obama to spare wealthy taxpayers as well, NYT said.
