Shelby Interview on U.S. Budget Deficit

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April 13 (Bloomberg) -- U.S. Senator Richard Shelby, a Republican from Alabama, talks about the need to cut the U.S. budget deficit. President Barack Obama today will outline a path to reining in the nation’s long-term debt through reductions in entitlement spending and increased taxes on the wealthy while seeking to draw a sharp contrast with Republican proposals, according to a person familiar with the plan. Shelby speaks with Peter Cook on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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