President sent his budget of $4 trillion.
The budget called for $3.99 trillion in spending for the fiscal year beginning Oct. 1, a 6.4% increase from the current year. It also estimated that revenue would total $3.53 trillion, resulting in a $474 billion deficit, the lowest since 2008.
The budget year starts from 1 October.
http://www.wsj.com/articles/obama-to-detail-nearly-4-trillion-budget-for-fiscal-2016-1422874801
The budget called for $3.99 trillion in spending for the fiscal year beginning Oct. 1, a 6.4% increase from the current year. It also estimated that revenue would total $3.53 trillion, resulting in a $474 billion deficit, the lowest since 2008.
The budget year starts from 1 October.
http://www.wsj.com/articles/obama-to-detail-nearly-4-trillion-budget-for-fiscal-2016-1422874801
