I would not reconsider the nuclear cuts. The appropriations committee did due process in looking at where there was the ability to cut some spending and that's what we did and now it's time to look forward to fiscal year '12.

The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.

My approach to cutting spending as president, is to do a ten percent across the board cut of all federal agencies, and then ask each of my new agency heads to find another ten percent by drilling down. That's what you do in business to come up with approximately 20 percent cuts for the first fiscal year budget.

Strong demand continues, and we are on plan for a good fiscal year.

Just a few short years ago in the year 2000, the last full fiscal year of the Clinton administration, this country was running a surplus of $236 billion.

There is this vague hope about the start of the new fiscal year ... I don't think institutional investors are in a rush to buy stocks, but they won't miss a buying opportunity if the market falls.