POLITICS

Obama Budget Proposal To Target Income Inequality: Report

US President Barack Obama addresses the House Democratic Caucus retreat on January 29, 2015 in Philadelphia.    AFP PHOTO/NIC
US President Barack Obama addresses the House Democratic Caucus retreat on January 29, 2015 in Philadelphia. AFP PHOTO/NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)

WASHINGTON — President Obama will propose a 10-year budget on Monday that stabilizes the federal deficit but does not seek balance, instead focusing on policies to address income inequality as he adds nearly $6 trillion to the debt.

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