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Biden budget aims to cut deficits nearly dollar 3T over 10 years

That deficit reduction goal is significantly higher than the $2 trillion that Biden had promised in his State of the Union address last month

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President Joe Biden at the US Capitol. Pic/AP

President Joe Biden at the US Capitol. Pic/AP

President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said on Thursday. That deficit reduction goal is significantly higher than the $2 trillion that Biden had promised in his State of the Union address last month.

It also is a sharp contrast with House Republicans, who have called for a path to a balanced budget but have yet to offer a blueprint. The White House has consistently called into question Republicans’ commitment to what it considers a sustainable federal budget.

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