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    President Barack Obama presents 2013 budget to Congress

    12:25 PM, Feb 13, 2012   |    comments
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    ANNANDALE, Va. (CNN) - President Barack Obama unveiled his 2013 budget to Congress Monday.

    It's a nearly $4 trillion plan that calls for increasing taxes on wealthier Americans and spending more money on infrastructure and education. But, he says his plan also includes some painful cuts.

    "I'm proposing some difficult cuts that, frankly, I wouldn't normally make if they weren't absolutely necessary, but they are. And the truth is, we are going to have to make some tough choices in order to put this country back on a more sustainable fiscal path. By reducing our deficit in the long term, what that allows us to do is to invest in the things that will help grow our economy right now."

    The Defense Department and NASA are just two of the agencies looking at big spending cuts. In all, the president's budget calls for trimming $4 trillion from the ballooning deficit over the next 10 years.

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