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U.S. Budget to Have Very Substantial Cut, Daley Says

William Daley, the White House chief of staff, said that President Barack Obama will lay out a “very substantial cut” to the budget and that the administration is “not open to refighting” the health-care law.

Daley, in an interview recorded yesterday and broadcast on CBS television’s “Face the Nation” program today, said controlling the deficit “will take a tremendous amount more” work than the president’s Jan. 25 proposal to save about $400 billion over a decade through a five-year freeze in annual appropriations. The freeze wouldn’t apply to defense, Medicare, Medicaid, Social Security and interest on the national debt.