US President George W. Bush plans to boost defence spending, slow Medicare's growth and cut a host of domestic programs in a $2770 billion ($3733 billion) Budget that seeks to soothe Republican frustrations over high deficits.
With congressional elections looming in November, the fiscal 2007 blueprint came under swift attack from Democrats, who said the elderly and working Americans would bear the brunt of Mr Bush's fiscal mismanagement.
Read more
http://finance.news.com.au/story/0,1...-31037,00.html
With congressional elections looming in November, the fiscal 2007 blueprint came under swift attack from Democrats, who said the elderly and working Americans would bear the brunt of Mr Bush's fiscal mismanagement.
Read more
http://finance.news.com.au/story/0,1...-31037,00.html





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