The President has submitted the U.S. Federal Budget FY 2008 to Congress, which is currently debating many of its measures. Your guide to the U.S. Economy has written an easy-to-use primer, which provides analyses of:

• Economic Report of the President, which provides the Budget's assumptions about the U.S. economy
• Revenue projections
• Discretionary spending proposals, including military spending
• Mandatory spending proposals
• The impact of deficit spending.

The U.S. Federal Budget FY 2008 Primer provides a summary of the key FY 2008 budget proposals and how the proposals, if passed, would impact the U.S. economy. The Primer also highlights important areas that the U.S. Federal Budget for FY 2008 disregards. Finally, this Primer suggests background issue papers available for further reading.