Obama Budget To Cut Deficit By $1.1 Trillion -- Yahoo News/Reuters
WASHINGTON (Reuters) – President Barack Obama proposed a budget on Monday that would cut the U.S. deficit by $1.1 trillion over 10 years, setting the stage for a bitter fight with Republicans who vow even tougher spending controls.
Conservatives say Obama, a Democrat, is a tax-and-spend liberal, and they aim to make the 2012 presidential election a referendum on his fiscal track record.
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MIDDLE EAST
Mideast unrest spreads: Protests Target Iran, Bahrain, Libya; Egypt dissolves parliament, sets elections.
Yemenis protest against president for 4th day. Protesters clash with government allies in Yemen.
Hundreds march in Iranian opposition rally.
Bahrain deploys police as opposition calls for day of protests.
Bomb attack survivor is new Iran atom chief.
Palestinian PM announces full cabinet overhaul.
ASIA
Suicide bombing at Kabul shopping mall kills at least two.
Pakistanis keep American in custody despite U.S. pressure.
India to pull 10,000 troops from Kashmir.
South Korea chaos after 'heaviest' snowfall.
AFRICA
Egypt military dissolves parliament, suspends constitution. Constitutional referendum in Egypt promised in 2 months. 'Enormous task' to find Hosni Mubarak's lost fortune.
Algerian emergency law to end.
Gaddafi tells Palestinians: revolt against Israel.
Somali pirates hijack ship with 23 crew members.
EUROPE
Italy alerts EU amid Tunisia migrant influx. Thousands of Tunisians arrive in Italy.
Berlusconi refuses to resign, dismisses protest.
Europe revolts against Merkel's Euro-zone plan.
Given the choice, Swiss vote to keep their guns.
AMERICAS
Obama unveils $3.73 trillion budget for 2012. White House expects deficit to spike to $1.65 trillion.
4th captive freed by Colombian rebels.
Mexicans take to streets over drug-violence surge.
U.S. turns up the heat on Colombian drug gangs.
TERRORISM/THE LONG WAR
Terrorist who trained 7/7 chief 'while acting as supergrass for U.S.' is released early from jail after serving five years.
The promise and limits of drones: Attacks in Pakistan and Afghanistan work, but they're not enough.
Indonesia cleric on 'terror trial'. Indonesia's Ba'asyir rejects 'made-up' charges. Bashir admits to terror camp.
ECONOMY/FINANCE/BUSINESS
U.S. housing crash is hitting cities once thought to be stable.
Japan economy shrinks but exports may fuel recovery.
China trade surplus shrinks, supports government's G20 case.
China overtakes Japan as world's No. 2 economy.
France wants new global finance system.
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