Bush Budget Would Bring Record Deficits President Bush sent his $3.1 trillion budget to lawmakers on Monday. The budget includes a deficit of $400 billion, even though spending is essentially frozen on many domestic programs. The plan includes big increases for the Pentagon and homeland security, however.

Bush Budget Would Bring Record Deficits

Bush Budget Would Bring Record Deficits

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President Bush sent his $3.1 trillion budget to lawmakers on Monday. If it passes, federal projects in the coming year will be paid for the way some consumers are told to buy appliances: No money down.

The budget includes a deficit of $400 billion even though spending is essentially frozen on many domestic programs. The plan includes big increases for the Pentagon and homeland security, however.