Bush Says New Budget Will Cut Deficit in Half

Listen: Hear Full Audio of the Press Conference

President Bush gives his year-ending news conference Dec. 20, 2004.

hide captionPresident Bush gives his year-ending news conference Dec. 20, 2004.

Reuters

In a White House press conference, President Bush says he will submit a budget that will halve the deficit in five years. And he responds to criticism of Defense Secretary Donald Rumsfeld's handling of the Iraq war. Hear NPR's Renee Montagne and NPR's Don Gonyea.

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