Obama Says Budget Will Create Jobs, Cut Deficit

WASHINGTON (AP) — President Barack Obama says his ambitious $3.6 trillion budget will put economic recovery on a stronger foundation that ensures the nation doesn’t face another crisis in 10 or 20 years.

The White House released excerpts of Obama’s remarks for his prime-time news conference Tuesday.

Obama said: “We will recover from this recession.”

Defending his budget from Republican critics and some in his party, Obama said his spending plan will lead to new energy jobs and less dependence on foreign oil. He said it invests in education, health care and makes the tough choices to cut the deficit in half by the end of his first term.

He said the budget should not continue past policies that have led to “narrow prosperity and massive debt” — a rebuke to Republicans.