In this paper, a new algorithm based on the equivalent current source is proposed to reconstruct the objects buried in layered media. In this method the radiating current source from the scattering data is first reconstructed and the reconstruction of equivalent current source and objects are then achieved efficiently by solving an optimization problem in a lower dimensional linear space using the conjugate gradient method. The effects of the frequency of incident wave, sampling interval, length of measurement line level of noise, and the estimation of background on the reconstructed results are studied and analyzed in detail. Numerical results show that the proposed method has a high ability to reconstruct the objects buried in layered media. Therefore, the method can be used to solve the problems in the areas of through-the-wall imaging and geophysical exploration and so on.