Hearings on ’15 Budget Begin

Jacob Lew

Treasury Secretary Jacob Lew listens to opening remarks on Capitol Hill in Washington, Wednesday, March 5, 2014, prior to testifying before the Senate Finance Committee hearing on President Barack Obama’s fiscal 2015 federal budget. Obama on Tuesday sent lawmakers a 2015 budget top-heavy with provisions that have little chance of becoming law. They included $1 trillion in tax increases, mostly on the rich and corporations, and a collection of populist but mostly modest spending boosts for consumer protection, climate change research and improved technology in schools.