The story

President Obama on Thursday unveiled a $3 trillion-plus budget that he says will halve the federal deficit by the end of his first term.

The budget for fiscal year 2010 includes substantial investments in health care reform, renewable energy and education.

The budget also includes big cuts for some programs, setting the stage for major political battles as political patrons fight to save budget items in the months ahead. Read full article »

CNN's Ed Henry, Kristi Keck, Mike Mount and Alan Silverleib and CNNMoney's Jeanne Sahadi contributed to this report.

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