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The Associated Press. President Barack Obama delivers a statement on his budget that he sent to Congress on Monday in the Grand Foyer of the White House in Washington. From left are Council of Economic Council Chair Christina Romer, Treasury Secretary Timothy Geithner and the president.

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Obama unveils $3.83T budget

WASHINGTON -- President Barack Obama unveiled a multitrillion-dollar spending plan Monday, pledging an intensified effort to combat high unemployment and asking Congress to quickly approve new job-creation efforts that would boost the deficit to a record-breaking $1.56 trillion.

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