Obama pledges to halve budget deficit in 4 years (Reuters)

President Barack Obama speaks about relief for Americans facing home foreclosure at Dobson High School in Mesa, Arizona February 18, 2009. (Joshua Lott/Reuters)Reuters – President Barack Obama pledged on Monday to cut the ballooning U.S. budget deficit by half in the next four years and said the country would face another economic crisis if it did not address its debt problems soon.

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