AP Top News at 5:49 p.m. EST

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AP Top News at 5:49 p.m. EST

Obama’s $3.8 trillion budget heading to CongressWASHINGTON — President Barack Obama’s proposed budget predicts the national deficit will crest at a record-breaking $1.6 trillion in the current fiscal year, then start to recede in 2011 to $1.3 trillion, a congressional official said Sunday. Still, the administration’s new budget to be released Monday says deficits over the next decade will average 4.5 percent of the size of the economy, a level which economists say is dangerously high if not addressed, said the congressional official. The official was not authorized to discuss the budget before its public release.