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Obama Aims for $4 Trillion in Deficit Cuts Over 12 Years

For more: http://newshour.pbs.org President Obama on Wednesday set a goal to reduce borrowing by $4 trillion over the next dozen years, promising to put the U.S. on a gradually improving fiscal path by cutting the budget deficit. He outlined an overhaul of the tax code and steep cuts in domestic and military spending, but avoided fundamental changes to entitlement programs.
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