Biden budget plan aims to cut deficit by nearly $3 trillion -official

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WASHINGTON (Reuters) – President Joe Biden’s budget proposal will aim to cut U.S. budget deficits by $3 trillion over 10 years, a Biden administration official familiar the plan said on Wednesday, far more than the $2 trillion Biden had said he would aim for. Biden intends to unveil his budget plan on Thursday. The deficit reduction figure was first reported by the Associated Press. (Reporting by Trevor Hunnicutt and Katharine Jackson; writing by Tim Ahmann; editing by Rami Ayyub)

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