Obama aims to slash budget deficit by half (AFP)

President Barack Obama is vowing to tackle trillion-dollar budget deficits facing the nation after he launched an unprecedented spending program aimed at helping the troubled US economy get back on its feet.(AFP/Mandel Ngan)AFP – President Barack Obama is to unveil plans this week to slash the federal budget deficit by half, after signing a massive spending program aimed at reviving the US economy, an administration official said.

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