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Affordable Care Act (Obamacare)

Obama to release $4 trillion-plus budget for 2017

President Barack Obama is unveiling his eighth and final budget, a $4 trillion-plus proposal that's freighted with liberal policy initiatives and new and familiar tax hikes — all sent to a dismissive Republican-controlled Congress that simply wants to move on from his presidency.

The budget will be released Tuesday morning, the same day as the New Hampshire primary when it's likely to get little attention. It comes as the deficit, which had been falling over the duration of Obama's two terms, has begun to creep up, above the half-trillion mark.

The White House is countering the worsening deficit outlook with a proposed $10-per barrel tax on oil that would finance...

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