Dems Unveil $1.1 Trillion 2011 Budget

Here’s a big number: Senate Democrats presented their $1.1 trillion budget for 2011 on Tuesday, which cuts more than $26 billion from President Obama’s proposed version. Spanning 1,900 pages, the government spending bill could face criticism by the new, Tea Party-themed Senate in January due to its concentration of earmarks. But the budget has been volleyed back and forth by both parties after earlier versions failed—and it could go to a vote as soon as Saturday. If the measure fails to get 60 Senate votes—which could prove difficult given Obama’s recent tax-cut compromise that comes with a $857 billion price tag—the Senate will have to approve the House’s-stripped down version or just wait for the next session of Congress in January.