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Congress joins OMB in effort to cut agency programs

Speaker Nancy Pelosi asks committee chairmen to recommend budget cuts by early June. Experts say history does not bode well for any real reductions or terminations.

Tags: mngt , Peter Orszag , President Barack Obama , Rep. Nancy Pelosi , OMB , White House , GAO , George Washington University , Committee for a Responsible Federal Budget , Phil Joyce , PART

Friday - 05/08/2009, 07:07am EDT