Just a few billion over…
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President Obama will propose in his 2016 budget request to raise discretionary spending by $74 billion above the caps in sequestration, a White House official said Thursday.
Obama, who will formally unveil his next budget blueprint on Monday, will ask Congress to increase discretionary spending by 7 percent above caps set by the Budget Control Act of 2011.
“This includes $530 billion on the nondefense discretionary side, an increase of $37 billion over the spending caps, and $561 billion in defense spending, an increase of $38 billion over the spending caps,” the White House official said.