President Barrack Obama will take the wraps off his $3.8 trillion budget plan for fiscal 2011 at a White House ceremony Monday. The spending package comes as the administration struggles to strike a balance between fiscal restraint and job creation in an economy that has struggled to rebound from recession, CNN reported. The federal deficit in 2009 grew by about $1.6 trillion, pushing the nation's total debt to $12 trillion. The president is scheduled to highlight his budget priorities at a 10:45 a.m. appearance in the White House Grand Foyer. Presidential Press Secretary Robert Gibbs will fill in some of the blanks at an afternoon briefing with reporters. Last year's $3.5 trillion budget passed on a party-line vote. The government's fiscal year runs from October of one year through September of the next.
