By counting $1 trillion in spending cuts agreed to last year, claiming $800 billion saved this year and over the next decade because of troop drawdowns in Iraq and Afghanistan and estimating $600 billion in lower interest payments on the national debt, the administration places its total deficit reduction over 10 years nearly $4.4 trillion.
Associated Press writers David Espo, Andrew Taylor, Ben Feller, and Ken Thomas contributed to this report.
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