The US FY 2011 budget (published early 2010) was the first budget assembled by the Obama administration. It was based on data available in the fall of 2009.
TARP (approximately $700 billion, initially targeted at bank bailouts), had been passed by a Democratic Congress, and signed into law by President Bush in late 2008. The incoming Obama administration agreed with TARP.
TARP (approximately $700 billion, initially targeted at bank bailouts), had been passed by a Democratic Congress, and signed into law by President Bush in late 2008. The incoming Obama administration agreed with TARP.
