That's according to an administration official who spoke on condition of anonymity because Obama hasn't announced the plan.
The official says Obama's request for the budget year that begins Oct. 1 puts the country on track to cut the deficit in half over the next four years. Obama inherited a $1.3 trillion deficit from George W. Bush when he was sworn in last month.
The Democrat's budget proposal to be sent to Congress next week cuts the deficit to $533 billion.
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