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April 10, 2011


Obama Will Announce Deficit Reduction Plan

President Obama plans to deliver "a major speech" on Wednesday laying out an aggressive plan for deficit reduction -- including reform of entitlements, such as Medicare, Medicaid and Social Security.

Lynn Sweet: "The speech will come as Congress faces a vote on raising the debt ceiling -- a matter many Republicans are deadset against. This comes as Obama and Congress finally finished up battles near midnight Friday on the fiscal 2011 budget -- almost six months into the fiscal year--only to plunge right into more significant haggling over the fiscal 2012 budget."












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