WASHINGTON -- Senate Democrats have unveiled a largely stand-pat budget that calls for $1 trillion in new tax revenues over the coming decade but actually increases spending. It also protects the party's domestic policy priorities and would add $4 trillion more to the national debt.
On the other side of Capitol Hill, House Budget Committee Republicans are moving ahead with an opposite approach that cuts spending by $4.6 trillion over the coming decade.
The White House is calling the Senate Democrats' budget a "concrete plan" that will boost economic growth and shrink deficits. The White House has criticized the House GOP plan as having math that doesn't add up.
President Barack Obama is expected to release his budget blueprint in April.