There are two conversions involved.
First 0.29999999999999998 is converted to 0.299999999999999988897769753748434595763683319091796875, the nearest representable number.
Next, 0.299999999999999988897769753748434595763683319091796875 is converted to decimal for printing. 0.3 is also one of the numbers that converts to 0.299999999999999988897769753748434595763683319091796875, and it is the one that gets printed because it is so short.
Every finite double number is exactly representable as a decimal fraction. Generally, default output does not attempt to print the exact value, because it can be very long - far longer than the example above. A common choice is to print the shortest decimal fraction that would convert to the double on input. Both conversions are done using non-trivial algorithms. See Algorithm to convert an IEEE 754 double to a string? for some discussion and references to output algorithms.
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There has been some discussion in comments on the value 0.30000000000000004. I agree with the comments by Rick Regan and Jesper, but thought it might be useful to add to this answer.
The exact value of the closest double to 0.30000000000000004 is 0.3000000000000000444089209850062616169452667236328125. All decimal numbers in the range [0.3000000000000000166533453693773481063544750213623046875, 0.3000000000000000721644966006351751275360584259033203125] convert to that value, and no numbers even slightly outside that range do so. 0.3000000000000000 is outside the range, so it does not have enough digits. 0.30000000000000004 is inside the range, so there is no need for more digits to correctly identify the double.