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Trump announces ‘nickel plan’, asks administration heads to cut budgets by 5% or more

President Donald Trump asked the members of his cabinet to cut at least 5% of their budgets for the next fiscal year in an effort he termed the “nickel plan.” “I ask each of you to come back with a 5% budget cut from your various departments,” Trump said Wednesday in a cabinet meeting. “We may do another nickel plan next ...

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