Newspaper article St Louis Post-Dispatch (MO)

`Very Tight' U.S. Budget Cuts Deficit

Newspaper article St Louis Post-Dispatch (MO)

`Very Tight' U.S. Budget Cuts Deficit

Article excerpt

President Bill Clinton has made decisions on a "very tight" budget that will reduce next year's deficit to $190 billion by trimming hundreds of federal programs, the administration said Wednesday.

The projected deficit would be the smallest since a $152.1 billion deficit in the first year of the Bush administration. The deficit for the fiscal year ended Sept. 30 was $254.7 billion.

White House Budget Director Leon Panetta said the administration had managed to increase spending in the 1995 fiscal year for such things as Head Start, AIDS research and adding 100,000 police officers.

But to fund increases in Clinton's "investment" categories, spending had to be reduced elsewhere to stay within a $540 billion ceiling on discretionary spending last year's deficit reduction law imposed.

Panetta said the administration had stayed within the spending caps imposed by Congress by making outright reductions in hundreds of federal programs and freezing hundreds of others at their 1994 spending levels, without even allowing increases for inflation. …

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