United State President Barack Obama
has unveiled a $3.77tn (£2.4tn) budget that proposes fresh taxes on the wealthy
along with cuts to benefit programmes.
The White House is offering to trim
pensions and healthcare costs, but only in return for $700bn in new revenue.
However, the Obama plan is viewed as
having no chance of being fully enacted by the deadlocked Congress.
Republican Senate leader Mitch
McConnell branded the budget a "left-wing wish list".
The Democratic president will host a
dinner for senior Republicans on Wednesday evening to sell his proposals.
Conservatives have refused to agree
to new revenue after passing tax rises on earnings over $400,000 in January.
Congressional Democrats, meanwhile,
have balked at Obama's compromise offer to cut Social Security pension
payments.
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