Receive Breaking News updates as they occur
President Barack Obama's budget proposal for the 2017 fiscal year seeks $19 billion for cyber security across the U.S. government, a surge of $5 billion over this year, according to senior administration officials. The request comes as the Obama administration has struggled to address the growing risk posed by criminals and nation states in the digital world. Cyber threats are "among the most urgent dangers to America’s economic and national security," Obama said in a Wall Street Journal op-ed published on Tuesday.
By Jeff Mason and David Lawder WASHINGTON (Reuters) - U.S. President Barack Obama proposed a $4.1 trillion spending plan for fiscal year 2017 on Tuesday in a final White House budget that laid out his priorities for fighting Islamic State, raising taxes on wealthy Americans and helping the poor. The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the Republican-controlled Congress. The spending proposal stayed within the confines of an agreement reached between the White House and Congress last year that lifted mandatory "sequestration" cuts on both defense and domestic spending.