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On Feb. 14, President Barack Obama offered his fiscal year 2012 budget blueprint to Congress. The $3.7 trillion proposal is aimed at reducing deficits by more than $1.1 trillion in the next 10 years through spending cuts, freezes and revenue raisers. Even with these measures, the immediate fiscal crisis is still a major problem as the administration forecasts the deficit to reach $1.645 trillion ... more » (FEI members only)
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