Barack Obama Unveils 2010 Budget

2010 budget to run $3.6 trillion

President Barack Obama unveiled his $3.6 trillion budget to Congress today. It is a breakdown, rather than the fully-fleshed budget expected in April. At any rate, this year’s budget is likely to be the largest of the Obama Administration — assuming that economic stimulus measures work out.

Stock Trading To Go has an excellent budget breakdown that offers analysis of the budget by putting most of the essentials into 5 main categories:

1. Health care.
2. Expiration of the Bush tax cuts.
3. Iraq War.
4. Bank funding.
5. Reducing greenhouse emissions.

The idea is that by 1013, assuming the economy is recovering and increased revenues are coming in, the yearly deficit can be cut in half.

See Also

• More on the 2010 Budget Presented by Barack Obama
  Commentary on the new budget
• Forex News and Information
  Trading on the currency market

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