fiscal 2016 budget

Obama Budget Seeks End to 'Mindless Austerity' (Updated)

(Tom Williams/CQ Roll Call)

Updated 12:55 p.m. | President Barack Obama’s opening salvo in this year’s budget wars with the new Republican Congress aims to shift the conversation away from four years of austerity. He received a predictably frosty reception.  

Obama’s $4.066 trillion budget would unshackle discretionary spending from the legislative tourniquet known as the sequester. That allows about a 7 percent increase in defense and domestic discretionary programs — or $74 billion. "I want to work with Congress to replace mindless austerity with smart investments," Obama said Monday at the Department of Homeland Security as he announced his fiscal 2016 budget.