Bush Seeks Sweeping Cuts to Curb Deficit
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President Bush on Monday proposed a &#36;2.5 trillion budget that slashes domestic programs from farm aid to housing grants for the poor, as he sought to curb budget deficits that have soared on his watch.
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PEORIA, Illinois  - President George W. Bush said on Tuesday he plans to submit a budget proposal for fiscal 2008 that would pave the way for the government to balance its budget BY 2012 while still keeping taxes low.
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Trimming the record US budget deficit should be the top economic priority for the second term of President George W. Bush, a survey of economists showed.
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WHITE HOUSE President Bush is pledging to &quot;take on&quot; the nation&#39;s huge deficits -- in hopes of shoring up the sagging US dollar.
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Setting priorities for next year, the White House said Friday President Bush will push to cut back on the thousands of home-state projects that lawmakers slip into spending bills.
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PEORIA, Illinois  - President George W. Bush said on Tuesday he plans to submit a budget proposal for fiscal 2008 next week that would help the government balance its budget by 2012 while still keeping taxes low.
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President George W. Bush on Friday called for a package of tax cuts and other measures totaling around $140 billion to shore up the fragile U.S. economy.
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President Bush said Saturday that his administration will outline a series of changes that would clamp down on the common Capitol Hill practice of slipping pet projects into spending bills.
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With his 2006 budget, President Bush delivered Congress a tall order, asking for at least six significant governmental reorganizations and an unprecedented five-year freeze in domestic spending to get control of the federal budget deficit.
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White House plans to share the pain of budget cuts
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President Bush said on Thursday he  would work to convince Congress of the need for spending cuts,  tax cuts and Social Security reform in a bid to reassure  financial markets he is determined to address huge fiscal  problems.
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President Bush today unveiled a tough-minded, $3 trillion budget proposal for fiscal 2009 that would slice $14.2 billion from the growth of federal health-care programs, eliminate scores of programs and virtually freeze domestic spending -- but would still record a $407 billion budget deficit.
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Having generated record federal deficits with tax cuts in his first term, George W. Bush has promised that &quot;fiscal restraint&quot; is now in order.
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President Bush on Monday asked a skeptical, Democrat-run Congress to approve $700 billion in new military spending -- much of it for the Iraq war -- and to curb many domestic programs.
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President George W. Bush on Friday  called on Congress to give the U.S. economy a "shot in the arm"  with an election-year package of temporary tax cuts and other  measures worth up to $150 billion.
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President Bush's budget will propose slashing grants to local law enforcement agencies and cutting spending for environmental protection, American Indian schools and home-heating aid for the poor, The Associated Press learned Saturday.
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President George W. Bush will acknowledge on Monday that a slowing U.S. economy will lead to a higher budget deficit this year and next, as he unveils a $3 trillion fiscal 2009 spending plan that would boost military funding but nearly freeze many domestic programs.