Democrats release budget

Highlights:

Instead, Murray's blueprint calls for more modest initiatives for the nation's fiscal health. They include:

• Fully replacing the sequester — $1.2 trillion in automatic spending cuts over 10 years that kicked in March 1 — with a 50/50 combination of spending cuts and new revenue.
• A $100 billion stimulus package directed at building the nation's deteriorating roads and bridges, repairing public schools and paying for increased broadband access in schools.
• An additional $1.85 trillion in deficit reduction, which encompasses the plan to replace the sequester and adds it to the $2.4 trillion in deficit reduction achieved in the past two years for a total of $4.25 trillion in deficit reduction over 10 years.
• Reducing the deficit to below 3% of GDP by 2015 and keeping it below that level through the 10-year budget window.
• $975 billion in spending cuts, including $275 billion from health care programs Medicare and Medicaid, $240 billion from defense and $242 billion in estimated savings on interest payments.
• $975 billion in new revenue from closing tax loopholes and eliminating tax expenditures that benefit the wealthy. It does not call for raising individual tax rates.