Source: Brookings Institution, 2009
President Barack Obama has sent his administration’s first budget to Capitol Hill. It calls for $3.55 trillion in fiscal 2010, with over $640 billion for a new health care fund and a new plan to rescue failing banks. For the first time, the budget accounts for the cost of the wars in Iraq and Afghanistan. Brookings experts have a long history of analyzing the federal budget and providing recommendations for long-term fiscal responsibility.