Obama's Own Words on U.S. Deficit, Tax Code, Ryan Plan

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April 13 (Bloomberg) -- U.S. President Barack Obama speaks about his proposal to cut $4 trillion in cumulative deficits within 12 years. In presenting his long-term plan for closing the budget shortfall, Obama set a target of reducing the annual U.S. deficit to 2.5 percent of gross domestic product by 2015, compared with 10.9 percent of GDP projected for this year. (Excerpts. Source: Bloomberg)

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