Bush submits $2.9 trillion budget
US President George W Bush has submitted a $2.9 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.
Senate Budget committee chairman Kent Conrad, a Democrat, was skeptical of the projections.
"The president's budget is filled with debt and deception, disconnected from reality, and continues to move America in the wrong direction," he said.
"This administration has the worst fiscal record in history and this budget does nothing to change that."
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.
Senate Budget committee chairman Kent Conrad, a Democrat, was skeptical of the projections.
"The president's budget is filled with debt and deception, disconnected from reality, and continues to move America in the wrong direction," he said.
"This administration has the worst fiscal record in history and this budget does nothing to change that."
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