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Thread: Obama unveils his $3.6tn budget

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    Obama unveils his $3.6tn budget

    President Barack Obama has unveiled a $3.6tn (2.5tn) budget for 2010, aiming to pull the US out of financial crisis.

    He has predicted the budget deficit for the current year will be $1.75tn, which is 12.3% of annual output and the biggest since World War II.

    Planned spending includes $634bn to pay for healthcare reform and an extra $250bn to be set aside, in case it is needed to bail out US banks.

    These announcements are an overview. There will be more details in April.

    The $3.6tn of planned spending is still well below the spending of $3.7tn, which is forecast for the year to the end of September 2008 and includes economic stimulus packages.

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    Re: Obama unveils his $3.6tn budget

    Here's a link to the proposed budget plan. Before you click it, it's a 2MB .PDF file, so everyone with slower connections keep that in mind.

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