President Obama Announces New Military Focus

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Jan. 5 (Bloomberg) -- Sopen Shah, an analyst with Bloomberg Government, and Peter Cook, chief Washington correspondent for Bloomberg Television, discuss President Barack Obama's announcement that the U.S. will refocus its defense strategy to accommodate budget constraints. The U.S. military is faced with cutting an additional $450 billion from its budget over the next decade. Shah and Cook appear on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)

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