US budget seeks sweeping cuts
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President George W Bush asks for sweeping cuts to lower the US deficit as he sends his 2006 budget to Congress.
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In his new budget, President Bush will call for large cuts in the growth of Medicare and he will again seek major savings in Medicaid.
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Euro zone finance ministers on Tuesday stepped up pressure on the United States to show its strong dollar policy was more than just rhetoric, asking it to slash budget and trade deficits that undermine the dollar.
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Spending restraints in President Bush's budget proposal would mean deep cuts to environmental protection, community development, veterans benefits and other programs through the end of the decade, a liberal think tank said Wednesday.
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State efforts to transform the nationâs health care system appear to be on a collision course with the Bush administrationâs latest budget proposal.
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The White House is telling federal agencies to expect lean budgets next year, with congressional aides and lobbyists saying President Bush appears ready to propose freezing or even slightly cutting overall domestic spending.
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Trying to tighten the federal budget, the Bush administration on Wednesday proposed to reduce farm payments $18 billion over the next five years.
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The Bush administration is fighting congressional efforts to slash the amount of emergency food aid the United States provides around the world, saying the cuts could hurt as many as 8 million people in dire need.
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President Bush said Monday he will submit a federal budget that will cut the deficit in half in five years and maintain strict spending discipline.
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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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From fewer Head Start programs to outdated police gear, the proposed federal budget calls for spending cuts close to home.
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Zimbabwe has been urged to make sharp cuts in public spending to prevent a worsening of its economic crisis after a visit by the IMF to assess whether Harare should be expelled by the global lender.
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President George W Bush outlines his budget for 2005, pledging to halve the US deficit in five years.
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Bloomberg - Feb. 4 (Bloomberg) -- President George W. Bush, in his the final budget, will propose a $3 trillion plan that would freeze or cut Medicare and other domestic programs and will touch off election-year battles with Congress.
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By LIBBY QUAID  WASHINGTON - Trying to tighten the federal budget, the Bush administration on Wednesday proposed to reduce farm payments $18 billion over the next five years.
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President Bush on Tuesday called on  Congress to back the "difficult choices" included in his 2006  budget that contains deep domestic cuts and already has some  lawmakers uneasy about the political fallout.
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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.