UPDATE at 11:05 a.m. ET: Obama: Growing Economy, Shrinking Deficits Both Possible
President Obama unveiled his 2014 budget proposal Wednesday, calling it a "fiscally responsible blueprint" that can help grow the economy and shrink deficits.
The president said his plan addresses the debate about how to expand the economy while reducing government red ink: "This budget answers that argument because we can do both," he said at the Rose Garden.
Congress returns from a two-week recess amid reports that a gun deal in the Senate may have gained late momentum; a focus on immigration to include a rally on Capitol Hill; and a budget proposal from President Obama that already has some in his own party fuming.