President Barack Obama plans to trim $100 million from the Federal Budget of $3.5 trillion. President Barack Obama in expected to trim the budget in the wake of the states just beginning to allocate the funds of the $787 Economic Stimulus Package. $100 million is minute in comparison with the $3.5 Federal Budget and President Barack Obama had promised Congress to trim to budget to offset budget deficits.

President Barack Obama is speaking with cabinet members to reduce the budget by identifying programs that are not working and considered to be a waste of government spending. The major political figure in the budget cutting for more effective government spending will be Treasury Secretary Timothy Geithner. Also David Axelrod, President Barack Obama's senior advisor is expected to be a major pinnacle in the decision as to which programs will be cut from the federal budget.

David Axelrod in accordance with the president's mandate on government transparency on government spending and reduction states: "We're confident yes that there are some (programs) are going to have some serious problems but we feel that the tools are in place to address these problems." The president is back in the White House after speaking in the Mexico,Trinidad and Tobago. President Barack Obama is tackling the budget cuts after returning from the Carribean and Latin American Summit on leadership. President Barack Obama is expected to have the budget cuts finalized within the next 90 days.

The $100 million trim is likely to be in the education, energy and the health care departments. The Republicans are still stringent on their opinions that the president's budget, "spends too much, borrows too much and taxes too much for American children and grandchildren. However, the Obama administration have been seeing notable improvement in the economy. Citi bank posted a net profit gain of $1.6 billion and other investments firms have been posting a profit as well signaling a significant improvement in the economy. According to the Washington Post, economists are saying that major banks may still need additional help from the government before the recession is over.

The Obama administration plans to conduct a stress test to see how the economic policies and controls that have been administered to the economy fares in getting the country out of recession.  President Barack Obama is expected to make a speech about this economic assessment in May of 2009.