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President Bush Submits $2.9 Trillion Budget

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By Admin on February 05, 2007 11:21 AM

President Bush has submitted a proposed budget to Congress, detailing the nation's planned spending for fiscal year 2008 (which begins on October 1, 2007). The proposed budget totals $2.9 trillion, includes a plan for increased military spending, and implies a strategy to eliminate the national deficit by 2012.