President Obama unveiled his budget proposal today, which includes tax increases on the wealthy as well as cuts to social security. David Kelly, chief global strategist at JP Morgan Funds, explains Obama’s proposed budget and how it differs from House Republican plans.

In the airplane-making business, there are really only two big names that matter: Boeing, which is based in the U.S., and Airbus, which is based in France. This week, Airbus entered Boeing’s territory by breaking ground on its first U.S. assembly plant in Mobile, Alabama. CEO of Airbus Fabrice Bregier discusses the new venture and what’s ahead for the company.

The lobster industry in Maine has proposed higher fees in order to spend big bucks on advertising. Some lobstermen say that’s a waste of money, but others hope it will increase demand.