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NHPR'S SUMMER RAFFLE IS HAPPENING NOW! THIS YEAR'S GRAND PRIZE WINNER WILL TAKE HOME $35K TOWARD A NEW CAR OR $30K CASH. GET YOUR TICKETS TODAY.

Bush Budget Would Bring Record Deficits

President Bush sent his $3.1 trillion budget to lawmakers on Monday. If it passes, federal projects in the coming year will be paid for the way some consumers are told to buy appliances: No money down.

The budget includes a deficit of $400 billion even though spending is essentially frozen on many domestic programs. The plan includes big increases for the Pentagon and homeland security, however.

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