washington president barack obama tuesday unveil budget propose 2.9 trillion deficit reduction 10 years largely curb tax break wealthy propose new save medicare medicaid health care program budget would boost spend 4.1 trillion 2017 196 billion fiscal 2016 raise revenues 308 period accord document release white house spend increase spread across wide range program new support community colleges help nato european ally resist russian aggression budget also propose 375 billion new 10-year save federal healthcare program include several change medicare program seniors include new competitive bid requirements medicare advantage program certain co-payments home health episodes new mandate price rebate name-brand drug version story correct figure headline 2.9 trillion obama budget envision 2.9 trillion 10-year deficit reduction