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.
House Speaker John Boehner, R-Ohio, on Friday condemned the use of the term "wetbacks" by Rep. Don Young, R-Alaska, one of the party's most senior members of Congress.
Young's statement, his quick apology, and Boehner's statement that the remark was "beneath the dignity of the office he holds," come at a particularly sensitive time for the Republican Party in its relationship with Hispanic voters.