Obama budget envisions $2.9 trillion in 10-year deficit reduction WASHINGTON (Reuters) - President Barack Obama on Tuesday unveiled a budget that proposed $2.9 trillion in deficit reduction over 10 years, largely by curbing tax breaks for the wealthy and proposing new savings in the Medicare and Medicaid health care programs. The budget would boost spending to $4.1 trillion for 2017, up $196 billion from fiscal 2016, while raising revenues by $308 over the same period, according to documents released by the White House. Spending increases are spread across a wide range of programs, from new support for community colleges to helping NATO and other European allies resist “Russian aggression”. The budget also proposes $375 billion in new 10-year savings to federal healthcare programs, including several changes to the Medicare program for seniors. These include new competitive bidding requirements for the Medicare Advantage Program, certain  co-payments for home health episodes, and new mandates for  pricing rebates for name-brand drugs.   (This version of the story corrects figure in headline to ‘$2.9 trillion’) politicsNews
obama budget envision trillion deficit reduction washington reuters president barack obama tuesday unveiled budget proposed trillion deficit reduction years largely curling tax breaks wealthy proposing new savings medical medical health care programs the budget would boost spending trillion billion fiscal raising revenues period according documents released white house spending increases spread across wide range programs new support community colleges helping nato european allies resist russian aggression the budget also proposes billion new savings federal healthcare programs including several changes medical program seniors these include new competitive bidding requirements medical advantage program certain home health episodes new mandates pricing debates drugs this version story corrects figure headline trillion politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Obama budget envisions $2.9 trillion in 10-year deficit reduction WASHINGTON (Reuters) - President Barack Obama on Tuesday unveiled a budget that proposed $2.9 trillion in deficit reduction over 10 years, largely by curbing tax breaks for the wealthy and proposing new savings in the Medicare and Medicaid health care programs. The budget would boost spending to $4.1 trillion for 2017, up $196 billion from fiscal 2016, while raising revenues by $308 over the same period, according to documents released by the White House. Spending increases are spread across a wide range of programs, from new support for community colleges to helping NATO and other European allies resist “Russian aggression”. The budget also proposes $375 billion in new 10-year savings to federal healthcare programs, including several changes to the Medicare program for seniors. These include new competitive bidding requirements for the Medicare Advantage Program, certain  co-payments for home health episodes, and new mandates for  pricing rebates for name-brand drugs.   (This version of the story corrects figure in headline to ‘$2.9 trillion’) politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: obama budget envision trillion deficit reduction washington reuters president barack obama tuesday unveiled budget proposed trillion deficit reduction years largely curling tax breaks wealthy proposing new savings medical medical health care programs the budget would boost spending trillion billion fiscal raising revenues period according documents released white house spending increases spread across wide range programs new support community colleges helping nato european allies resist russian aggression the budget also proposes billion new savings federal healthcare programs including several changes medical program seniors these include new competitive bidding requirements medical advantage program certain home health episodes new mandates pricing debates drugs this version story corrects figure headline trillion politicsnews