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

PRESIDENT JOE BIDEN'S upcoming budget proposal aims to trim deficits by nearly $3 trillion over the next decade. That's according to an administration official who insisted on anonymity to discuss the figures being released Thursday. The level of deficit reduction is significantly higher than the $2 trillion worth of deficit reduction that Biden had promised in his State of the Union address last month. / ASSOCIATED PRESS FILE PHOTO / JACQUELYN MARTIN
WASHINGTON (AP) – President Joe Biden's upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, according to an administration official. 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…

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