With Tax and Spending Hikes, Obama Budget Offers Little to GOP

With a blend of tax hikes and spending increases, President Barack Obama's budget spells out a policy agenda that will distinguish him from Republicans who now control Congress. It also will contain what amount to opening bids for some long-shot compromises.

Republicans have already dismissed much of Obama's initiatives, spelled out in his State of the Union address. They've labeled as nonstarters his plans for more taxes on the rich to pay for free community college and to expand child care.

But Obama is releasing his $4 trillion budget Monday...