The federal budget is more than a spending plan. It's also a statement about priorities in an election year. We hear about President Obama's latest proposals and the likely debates about unemployment, the deficit and the role of government in an election year. Also, changing military policy on 'Don't Ask, Don't Tell,' and arms sales to Taiwan have China accusing the Obama Administration of trying to "undermine" relations.
Banner image: President Barack Obama (C) speaks about his budget for fiscal year 2011, while flanked by Christina Romer (L) Chair of the Council of Economic Advisers, Treasury Secretary Timothy Geithner (2L), White House budget director Peter Orszag (2R) and economic adviser Lawrence Summers at the White House on February 1, 2009 in Washington, DC. Photo: Mark Wilson/Getty Images