President Obama's fiscal year 2012 budget arrives on Capitol Hill Monday morning. The White House says the $3.7 trillion plan will help trim the nation's deficit by $1.1 trillion over ten years.

The lead Republicans on the House and Senate Budget Committees, Rep. Paul Ryan of Wisconsin and Sen. Jeff Sessions of Alabama, react to the fiscal plan at a 2:30 p.m. ET news conference.

Before making decisions about next year's budget, Congress will have to figure out what to do for the next seven months. A temporary spending bill to fund government operations, known as a continuing resolution, is set to expire on March 4. House Republicans plan to use the bill to cut $100 billion from the budget this year. The first steps on the legislation will be taken Monday evening, then the House Rules Committee meets to set the terms of floor debate for the measure.

The House tries again to extend several key provisions of the USA PATRIOT Act, a counter-terrorism surveillance law. An attempt to renew the law under a fast track procedure failed to secure the two-thirds majority necessary for passage last week. This time it will only require a simple majority to succeed.

We'll be following all these stories and more, so be sure to stay with Fox News for all the latest.