NEW : Obama tells Congress that some fiscal issues wo n't get resolved before the 2012 vote . FY2011 passes the budget measure for the rest of the Congress . Republicans and Democrats remain at sharp odds over the fiscal year 2012 budget . Obama 's budget plan , outlined in Wednesday 's speech , aims to cut deficits by a combined $ 4 trillion over the next 12 years without significantly changing Medicare and Medicaid . The two parties also have to reach an agreement over raising the debt ceiling .
NEW : Obama tells Congress that some fiscal issues wo n't get resolved before the 2012 vote . FY2011 passes the budget measure for the rest of the Congress . Republicans and Democrats remain at sharp odds over the fiscal year 2012 budget . The two parties also have to reach an agreement over raising the debt ceiling .