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Bush to cut domestic spending in budget

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Published: Jan. 4, 2004 at 10:56 AM

WASHINGTON, Jan. 4 (UPI) -- President Bush's proposed U.S. budget for the 2005 fiscal year calls for less domestic spending in light of a record deficit of more than $450 billion.

Bush plans to halve the deficit within five years with a combination of economic growth and fiscal restraint, according to Joshua B. Bolten, director of the White House Office of Management and Budget, the New York Times reported Sunday.

The administration's proposed budget for the 2005 fiscal year, which begins Oct. 1, would cut the rising cost of housing vouchers for the poor, require some veterans to pay more for health care, slow the growth in spending on biomedical research and merge or eliminate some job training and employment programs, the Times reported.

Officials said the president's budget, which will be sent to Congress by Feb. 2, calls for an overall increase of about 3 percent for so-called domestic discretionary spending, which excludes the Department of Homeland Security and the Defense Department as well as Medicare and Medicaid, the Times said.

Topics: Joshua B. Bolten
© 2004 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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