New York Times: “In the Senate, Democrats were putting the finishing touches on a budget they plan to introduce on Wednesday, their first in four years, while House Republicans were preparing to introduce a spending plan of their own on Tuesday morning.”

“The two proposals, which would set spending targets for the fiscal year that begins Oct. 1, will be miles apart ideologically and difficult to merge… But the fact that both houses of Congress are working on their budgets simultaneously after years of impasse raised some measure of hope — albeit slight — that Democrats and Republicans might be able to work out some sort of compromise.”

President Obama “has spent the past week urging Republicans to reopen talks to reach a broad deficit-reduction deal, a so-called grand bargain. When he travels to Capitol Hill this week, he likely will find he has work to do to move his own party toward an agreement as well,” the Wall Street Journal reports.

“Some Democrats say they are worried that Mr. Obama will make concessions they dislike on entitlement programs such as Social Security or Medicare to build momentum for the talks, which likely would consider changes to other federal spending as well as taxes.”

First Read: “On Tuesday, Obama heads to Capitol Hill to meet with Senate Democrats; on Wednesday, he visits House Republicans; and on Thursday, the meetings are with Senate Republicans and House Democrats. Also this week, House Republicans and Senate Democrats are expected to unveil their budgets. One of the big reasons for Obama’s meetings with Democrats and Republicans is to keep the budget momentum going — to see if Washington can reach some kind of larger budget agreement (to eliminate or soften the sequester cuts) without disrupting the other parts of Obama’s agenda (like on immigration and guns).”

“The more positive momentum there appears to be for now, the less likely it is there’s a disruption before the fall on, say, government funding or debt ceiling. If there’s the sense of stalled momentum on budget, then the acrimony could bleed into other areas, like immigration, and stall everything. That’s what the White House is trying to avoid. But let’s also realize the other motivation for the Obama outreach: The president wasn’t gaining points by being in standoff mode (if anything, he was losing them in the polls). The White House wants that high ground back.”

Meanwhile, Roll Call notes the Senate will debate a budget resolution for the first time in 4 years this week.