I have good news and bad news regarding the President’s FY15 Budget proposal. Which one do you want to hear first? All right, we’ll start with the good news. First of all the budget adheres to the agreement reached by Congress this past December which restores most, but not all, of the Sequester cuts. The President’s budget actually goes $56 billion past the Bipartisan Budget Act, an increase that is included as a separate proposal and split evenly between defense and non-defense spending, to be funded through a combination of spending cuts and closed tax loopholes. Read more »