The constraints on federal agencies are real: the first outright cut to the Pentagon since the post-Cold War "peace dividend" of the early 1990s; a freeze in spending for medical research at the National Institutes of Health; and a decision to scrap two NASA missions to Mars later this decade.
In a fact sheet released Friday, the White House promoted small-bore initiatives such as a 19 percent increase in "advanced manufacturing" research and development, tax breaks for manufacturers, and $300 million for a program to improve child care and better prepare children for entering school.
The plan offers several breaks to college students and their parents. It would extend an up to $10,000 tax credit for college costs, forestall for one year a looming spike in student loan interest rates and keep the maximum Pell Grant for poor college students at $5,635.
Obama planned to promote the budget at a campaign-style appearance Monday in the Virginia suburbs. The White House is delaying its release until the president's appearance.
While the budget was still being kept under the wraps over the weekend, some of the details have leaked out or been teased by the White House, including a $39 million plan revealed Saturday to better enforce trade rules and bolster inspection of imports at U.S. borders.
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