Obama proposes budget totals 3.606 trillion dollars

WASHINGTON - US President Barack Obama unveiled a fiscal 2010 budget proposal Thursday of 3.606 trillion dollars, a decline from the current year's total of 3.724 trillion dollars.

The budget outline calls for a deficit of 1.171 trillion dollars for fiscal 2010, following a projected 1.750 trillion in the current year ending September 30.

The budget, which outlines spending plans, calls for an aggressive effort to fix the US economy and its health care system.

The projected spending would include around 200 billion dollars to fight wars in Iraq and Afghanistan over the next 18 months, and a huge 634-billion-dollar, 10-year fund to pay for health care reforms, a key plank of Obama's election campaign, administration officials said.

Obama has also asked for 250 billion dollars to be set aside if needed to bail out the US financial industry, on top of the 700 billion dollars already committed to the effort.