Bush submits $2.9 trillion budget

February 5, 2007
Bush submits $2.9 trillion budget

US President George W Bush has submitted a $2.9 trillion (£1.5 trillion) budget to Congress
including almost $700bn in new military spending.

Much of the money is earmarked for the war in Iraq and Afghanistan.

The 2008 budget also sets out plans to curb domestic spending, including $66bn savings over
five years from Medicare.