INTERVIEW: LARRY KUDLOW – CNBC Senior Contributor and host of The Larry Kudlow Show on WMAL Saturdays at 7 pm

• Obama Budget Sets Off Push for Deals. Republicans Dismiss Calls for New Taxes, but Openings for Compromise Are Seen. (WSJ) — WASHINGTON—President Barack Obama called for sweeping tax increases Monday in a budget proposal that dropped any quest for fiscal grand bargains with Congress, but also laid out narrower domestic priorities that may appeal to Republicans. His proposal for more than $1 trillion in new tax measures over the coming decade was immediately declared a nonstarter by Republicans, who also criticized the plan’s lack of new measures to curtail entitlement spending, the biggest contributor to federal deficits.
• January was a terrible month for stocks. (CNN) — Investors probably wished they had hibernated this January. It was the worst month for stocks since this month last year. The Dow shed 3.7%, the S&P 500 has lost 3.1%, and the Nasdaq is over 2.1% lower.   Talk about a bad start to the year. A quick glance at the chart below shows what a whiplash ride 2015 has been so far with 7 days where the market swung up or down more than 200 points. There's an adage on Wall Street that the early days of the year are a good predictor of the full-year. Historically speaking, there's only about a 50-50 probability that the stock market will end the year on a positive note if January saw market declines, according to the Stock Trader's Almanac.