Mr. Reagan's budget will show a deficit of $107.8 billion for 1988.
In 1971, the paper's budget showed a $1,000 deficit due to phone bills.
The preliminary budget also shows he has made some difficult choices.
Under his plan, the city's budget would show a surplus as soon as 1997.
President Obama's 2012 budget shows the debt soaring past $26 trillion a decade from now.
If the economy remains strong, many analysts say, the budget could show a surplus in the next several years.
But the budget also shows at least some sensitivity to those who depend on government for their basic needs.
The new, more complete budget tables made public today also showed clearly just how much the deficit would be cut under the Clinton plan.
This budget shows that we can meet two of our most crucial national priorities at the same time.
Yet the 2011 budget has shown this to be untenable.