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A new report from a bipartisan group warns that with the exception of Ron Paul's plan, the GOP candidates' economic proposals would likely worsen the nation's debt problem. The Committee for a Responsible Federal Budget also says the candidates need to spell out specific cuts rather than offering vague targets.
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Several arts and cultural institutions saw their allotment rise by about 5 percent in President Obama's proposed 2013 budget. The proposed spending of $1.576 billion — in a budget of $3.8 trillion — includes good news for the Smithsonian Institution and the National Endowments for the Arts.
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For the past decade, the wars in Iraq and Afghanistan, along with the terror threat from al-Qaida, have been the focus of U.S. security officials. Now the debate is shifting, and planners are trying to figure out what comes next.
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President Obama laid out his proposed federal budget for 2013 at a community college in Virginia on Monday. The $ 3.8 trillion plan calls for new government spending, including stimulus-style spending on roads. It also seeks to achieve $4 trillion in deficit reduction over the next decade
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It goes without saying that the men who are vying for the Republican presidential nomination found serious flaws with the budget plan President Obama released Monday. But it got us thinking: This might also be a good time to dig into the budget plans offered by the GOP candidates who want his job.
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The president proposes a budget aimed at cutting $4 trillion over a decade, but it increases spending in some areas to boost the economy.
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The Obama administration officially lays out its economic blueprint for the next fiscal year on Monday. He'll announce the 2013 budget at Northern Virginia Community College, where he'll push for more investment in community colleges and job training.
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Deficit reduction takes a back seat to job growth in the federal budget President Obama will unveil Monday. Republicans criticized the spending plan for raising taxes without doing more to stem the deficit. That disagreement is likely to frame the debate between now and the November election.
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The Pentagon proposed a $33 billion cut to its 2013 budget, but Defense Secretary Leon Panetta said despite the cuts the U.S. will still maintain the ability to defeat "any adversary on land."
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Two Colorado Congressmen are among those digging in their heels over raising the debt ceiling.Treasury Secretary Timothy Geithner insists that dire…