Obama to seek to bust limits on domestic, defense spending

U.S. President Barack Obama will seek to bust through spending limits for both domestic and defense programs, the White House said Thursday, negating the effects of across-the-board cuts agreed to by both Democrats and Republicans and signed by Obama into law. The president's brazen proposal to Congress, two months after his fellow Democrats were routed in November elections, reflected the White House's newfound confidence on the economy.

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