WASHINGTON, May 6 (Reuters) - President Barack Obama will unveil on Thursday details of his fiscal 2010 budget proposal that contains $17 billion in funding reductions, an administration official said on Wednesday.
Asked by Reuters whether the budget document will contain other major new policy initiatives, the official, who asked not to be identified, said, "That's pretty much the news."
(Reporting by Richard Cowan, Editing by Sandra Maler)