WASHINGTON -- The Clinton administration has lopped $5.6 billion from its original estimate of the savings from the Treasury Department's move to step up reliance on short-term debt issues.

In a news release issued late Tuesday, the Office of Management and Budget said savings over the five-year period from 1994 to 1998 will total $10.8 billion, or more than one-third less than the $16.4 billion forecast in the President's April budget.

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