Obama Praises Senate Budget Bill

WASHINGTON (March 23, 2013)--The White House was praising the $3.7 trillion budget Democrats squeezed through the Senate early Saturday, but spokesman Jay Carney wasn’t raising too much hope for compromise with the GOP-led House, which earlier passed a competing budget that makes deep cuts to social programs.

Carney says in a statement issued Saturday morning that the House budget "refuses to ask for a single dime of deficit reduction from closing tax loopholes for the wealthy and well-connected."

He added that President Barack Obama will work with both sides to see if there is an opportunity to reach a deal.

Although his major proposals are well-known, Mr. Obama has not yet released his budget for the coming year.

It’s expected in early April.

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