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For Immediate Release
Office of the Press Secretary
February 1, 2006

President's Statement on House Passage of Spending Reduction Package

As I said last night, keeping America competitive requires us to be good stewards of taxpayer dollars. The House today passed a significant spending reduction package that will curb the growth of entitlement spending for the first time in years and help us stay on track to cut the deficit in half by 2009. I look forward to signing this bill into law. The budget I propose next week will continue to build on the spending restraint we have achieved.

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