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Bush to send deficit budget to Congress
Washington President Bush will propose a federal deficit for next year while government focuses on defense homeland security and bolstering the economy budget chief Mitchell Daniels said the shortfall would be less than percent of GDP suggesting about 100 billion dollars or less Analysts expect red ink for months and a partisan fight until the November elections Daniels spoke of big Pentagon spending a roughly 15 billion boost for domestic security and an economic stimulus package while trimming inefficient programs 48 overlapping job training programs may not receive boosts Republican backed tax cuts and recession costs are blamed for the deficit return while Democrats cite the 1.35 trillion tax cut as a cause
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