U.S. President Barack Obama has announced a $ 3.8tn (£ 2.4tn) budget planning for the year 2011, increased spending on job creation, including, but cuts in other areas.
He predicts the U.S. deficit would be to get a record $ 1.56tn this year. He liked to go back to send astronauts to the moon and will try to save $ 250 billion by capping a series of domestic spending programs for three years. Congress must budget for the fiscal year beginning on 1 October will not be effective.
Mr. Obama blamed the huge deficit on the decisions of President George W. Bush, the previous Congress and his government is moving to prevent an economic collapse.