WASHINGTON -- President Clinton this month is keeping promises he made during the budget debate by laying out for Congress an ambitious agenda to cut another $200 billion out of the deficit through major reforms in the government's sprawling spending programs.

Clinton's $500 billion budget package already is expected to reduce the deficit from its $290 billion record high last year to below $200 billion from 1995 to 1998, according to projections of the Congressional Budget Office and the Office of Management and Budget.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.