Updating their budget estimates, House Republicans conceded Thursday that their best hope is to cut current appropriations by $32 billion for the remainder of this fiscal year, once new spending for defense and other security needs are added to the equation. The impact on domestic spending and foreign aid programs would still be very severe, with the GOP seeking an immediate $58 billion cut from President Barack Obama’s once expansive 2011 budget. But with the Congressional Budget Office predicting a nearly $1.5 trillion deficit for the current year, the scaled-back estimates reflect the limits of a budget strategy so focused...