Obama Plans To Cut Deficit In Half By End Of Term

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President Barack Obama is expected to announce plans to cut the federal deficit in half by the end of his first term. He inherited a deficit of more than $1 trillion from the last administration — a figure that doesn't include the new $787 billion stimulus package. The president will outline ways to reduce that deficit on Monday at a White House fiscal policy summit, and then again on Tuesday when he addresses a joint session of Congress.

NPR's David Welna speaks with host Liane Hansen about President Obama's upcoming joint address to Congress.



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