WASHINGTON – The president told the nation tonight the "day of reckoning has arrived" for Americans after a spree of extravagant buying, too-few regulations and not enough long-term financial planning.
Obama said he will submit a budget this week that he sees as a vision for America and a blueprint for the future.
He says the budget will reflect the harsh reality of the worst economic crisis since the Great Depression, one for which he was quick to blame his predecessor, Republican George W. Bush....