House Democrats Propose $7 Billion Budget Cut

Buffeted by deficit pressures, House Democratic leaders are proposing a $7 billion cut in President Barack Obama's budget for the next fiscal year.

Democratic aides said Wednesday that the cuts will be implemented as Democrats pass a short-term budget plan cutting deeper than Obama's proposed freeze of the annual operating budgets of domestic agencies.

The cut amounts to less than 1 percent of the more than $1.1 trillion proposed for agency budgets funded by lawmakers each year through the spending bills. The next fiscal year begins Oct. 1.

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