U.S. President Barack Obama says he is ready to fight for the sweeping reforms he promises in his budget proposal.
In his weekly address Saturday, Mr. Obama said he realizes it will not be easy to pass the new budget. He says certain measures will face resistance from lobbyists and special interest groups, such as plans to end subsidies and tax breaks for oil companies and banks.
He says the budget fulfills promises he made during his presidential campaign, including a pledge to end tax breaks for wealthy Americans.
In the Republican response, Senator Richard Burr (of North Carolina) complained about the cost of the new budget, which projects more than $3 trillion in spending. He calls it is the "largest increase in federal spending in the history of the United States."